We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco's (IVZ) May AUM Declines on Money Market Outflows
Read MoreHide Full Article
Invesco (IVZ - Free Report) announced preliminary assets under management (AUM) for May 2022. The company’s month-end AUM of $1,451.6 billion represented a 1.7% decline from the prior month-end’s levels.
Invesco recorded net long-term inflows of $2.4 billion in May. Non-management fee-earning net outflows were $1.4 billion and money market net outflows were $26.7 billion.
Foreign exchange rate movements improved the AUM balance by $0.5 billion. Also, for the month, IVZ’s AUM was positively impacted by favorable market returns, leading to a $6 billion rise.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1,481.2 billion and its preliminary average active AUM was $1,002.7 billion.
At the end of May, IVZ’s Equity AUM was $705.4 billion, improving 0.2% from the previous month’s levels. Balanced AUM for May was $75 billion, growing 1.9% from April 2022-end. Fixed Income AUM of $315.1 billion was up 0.6%.
On the other hand, Alternatives AUM fell 1.3% to $207 billion. Further, Money Market AUM plunged 15.3% from the prior month-end to $149.1 billion.
Invesco’s strong global presence and solid AUM balance position it well for growth. IVZ’s diverse product offerings and alternative investment strategies are expected to continue attracting investors. However, elevated expense level is a major near-term concern for the company.
So far this year, shares of Invesco have lost 21.5% compared with a 23.7% decline of the industry.
Image Source: Zacks Investment Research
Currently, Invesco carries a Zacks Rank #5 (Strong Sell).
Franklin Resources, Inc. (BEN - Free Report) announced its preliminary AUM for May 2022. BEN's month-end AUM of $1,445.9 billion marked a 0.6% decline from the previous month’s tally.
Franklin's AUM was affected by the long-term net outflows, partially offset by the positive impact of markets.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $94.3 billion as of May 31, 2022, which reflects a decline of 3.8% from the prior-month level. Market depreciation of $3 billion, distributions of $183 million and net outflows of $510 million led to the fall.
CNS recorded total institutional accounts of $37.1 billion at the end of May, down 4.6% from the April-end level. Of the total institutional accounts, advisory accounts were $21.6 billion, while the rest were sub-advisory.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Invesco's (IVZ) May AUM Declines on Money Market Outflows
Invesco (IVZ - Free Report) announced preliminary assets under management (AUM) for May 2022. The company’s month-end AUM of $1,451.6 billion represented a 1.7% decline from the prior month-end’s levels.
Invesco recorded net long-term inflows of $2.4 billion in May. Non-management fee-earning net outflows were $1.4 billion and money market net outflows were $26.7 billion.
Foreign exchange rate movements improved the AUM balance by $0.5 billion. Also, for the month, IVZ’s AUM was positively impacted by favorable market returns, leading to a $6 billion rise.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1,481.2 billion and its preliminary average active AUM was $1,002.7 billion.
At the end of May, IVZ’s Equity AUM was $705.4 billion, improving 0.2% from the previous month’s levels. Balanced AUM for May was $75 billion, growing 1.9% from April 2022-end. Fixed Income AUM of $315.1 billion was up 0.6%.
On the other hand, Alternatives AUM fell 1.3% to $207 billion. Further, Money Market AUM plunged 15.3% from the prior month-end to $149.1 billion.
Invesco’s strong global presence and solid AUM balance position it well for growth. IVZ’s diverse product offerings and alternative investment strategies are expected to continue attracting investors. However, elevated expense level is a major near-term concern for the company.
So far this year, shares of Invesco have lost 21.5% compared with a 23.7% decline of the industry.
Image Source: Zacks Investment Research
Currently, Invesco carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. (BEN - Free Report) announced its preliminary AUM for May 2022. BEN's month-end AUM of $1,445.9 billion marked a 0.6% decline from the previous month’s tally.
Franklin's AUM was affected by the long-term net outflows, partially offset by the positive impact of markets.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $94.3 billion as of May 31, 2022, which reflects a decline of 3.8% from the prior-month level. Market depreciation of $3 billion, distributions of $183 million and net outflows of $510 million led to the fall.
CNS recorded total institutional accounts of $37.1 billion at the end of May, down 4.6% from the April-end level. Of the total institutional accounts, advisory accounts were $21.6 billion, while the rest were sub-advisory.