Invesco Ltd. (IVZ - Free Report) reported preliminary month-end assets under management (AUM) of $937.6 billion for December 2017. The figure reflects no change from the prior month.
The AUM benefitted from net long-term inflows. Also, FX increased December AUM by $1.1 billion. However, these were offset by a decline in money market AUM, PowerShares QQQs outflows and unfavorable market returns.
Invesco’s preliminary average total AUM for the quarter through Dec 31 was $930.3 billion, while preliminary average active AUM was $733.7 billion.
At the end of the reported month, Invesco’s Equity AUM grew marginally from the prior month to $431.2 billion. Further, Fixed Income AUM of $225.8 billion increased only slightly from the November 2017 level.
Balanced AUM came in at $57.7 billion, rising 1.6% from the prior month. Also, Alternatives AUM increased 1% from the preceding month to $144.2 billion. However, Money Market AUM was $78.7 billion, decreasing 4.7% from the last month.
While continuous growth in AUM is likely to keep supporting the company’s revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind. In the past year, shares of Invesco have gained 18.5%, underperforming the industry’s rally of 33.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.8 billion by its subsidiaries for December 2017, reflecting a slight rise from the prior month. Legg Mason, Inc. and T. Rowe Price Group, Inc. (TROW - Free Report) are likely to come up with their monthly AUM figures in the coming days.
Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Invesco Ltd. (IVZ - Free Report) reported preliminary month-end assets under management (AUM) of $937.6 billion for December 2017. The figure reflects no change from the prior month.
The AUM benefitted from net long-term inflows. Also, FX increased December AUM by $1.1 billion. However, these were offset by a decline in money market AUM, PowerShares QQQs outflows and unfavorable market returns.
Invesco’s preliminary average total AUM for the quarter through Dec 31 was $930.3 billion, while preliminary average active AUM was $733.7 billion.
At the end of the reported month, Invesco’s Equity AUM grew marginally from the prior month to $431.2 billion. Further, Fixed Income AUM of $225.8 billion increased only slightly from the November 2017 level.
Balanced AUM came in at $57.7 billion, rising 1.6% from the prior month. Also, Alternatives AUM increased 1% from the preceding month to $144.2 billion. However, Money Market AUM was $78.7 billion, decreasing 4.7% from the last month.
While continuous growth in AUM is likely to keep supporting the company’s revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind. In the past year, shares of Invesco have gained 18.5%, underperforming the industry’s rally of 33.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.8 billion by its subsidiaries for December 2017, reflecting a slight rise from the prior month. Legg Mason, Inc. and T. Rowe Price Group, Inc. (TROW - Free Report) are likely to come up with their monthly AUM figures in the coming days.
Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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