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Lazard's (LAZ) April AUM Increases on Market Appreciation

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Lazard Ltd. (LAZ - Free Report) recorded a 3.6% rise in preliminary assets under management (AUM), as of Apr 30, 2021, from the previous month. The total AUM balance aggregated $274.4 billion, marking an increase from the prior month’s $264.9 billion.

The April AUM entailed a market appreciation of $6.9 billion, positive foreign-exchange impact of $2.7 billion as well as net outflows of $0.1 billion.

Lazard’s equity AUM for April rose 3.4% from the prior month to $222.7 billion. Moreover, other assets climbed 3.8% sequentially to $5.3 billion. Apart from these gains, a 4.6% increase in fixed income to $46.3 billion was also recorded.

Lazard can capitalize on its forte of organic growth, as highlighted by the bank’s revenue growth trend. Also, its prowess in the Financial Advisory and Asset Management segments, along with cost-containment measures, will help the company withstand any tailwinds that might occur due to economic uncertainties.

Performance of Other Asset Managers

Cohen & Steers (CNS - Free Report) reported preliminary AUM balance of $92.8 billion as of Apr 30, 2021, up 6.7% from the prior-month level. Net inflows of $821 billion and market appreciation of $5.2 billion were partly offset by distributions of $200 million.

Invesco Ltd. (IVZ - Free Report) announced preliminary April-end AUM balance of $1,459 billion, up 3.9% from the previous-month end. Positive market returns aided this upswing, boosting the AUM by $39 billion.

Franklin Resources (BEN - Free Report) registered preliminary AUM balance of $1529.3 billion for April 2021. This reflected 2% growth from the $1498.9 billion recorded as of Mar 31, 2021.

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