Invesco Ltd. (IVZ Quick QuoteIVZ - Free Report) announced its preliminary month-end assets under management (“AUM”) for May 2016 which came in at $791.1 billion, up 0.9% from $783.7 billion recorded in the prior month.

The rise was driven by favorable market returns, net long-term inflows and improved money market AUM. However, these positives were partly offset by unfavorable foreign exchange impact of $2.9 billion and outflows in PowerShares QQQ.

Notably, Invesco’s preliminary average total AUM for the quarter through May 31 was $782.2 billion, while preliminary average active AUM was $651.2 billion.

At May end, Invesco’s total Equity AUM inched up 0.5% from the prior month to $360.1 billion. Also, Fixed Income AUM came in at $194.5 billion, up 1% from $192.6 billion at the end of Apr 2016.

Moreover, Balanced AUM came in at $47.9 billion, relatively stable with the Apr 2016 level. Also, Alternatives AUM rose 0.4% from the preceding month to $113.1 billion. Further, money market AUM was recorded at $75.5 billion, up 4.6% from the prior month.

Apart from Invesco, another investment manager, Franklin Resources Inc. (BEN Quick QuoteBEN - Free Report) declared preliminary AUM of $737.3 billion by its subsidiaries for May 2016, reflecting a 1.3% fall from the prior month. Notably, Legg Mason, Inc. is expected to release preliminary AUM results for May 2016 within the next few days.

Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is SEI Investments Co. (SEIC Quick QuoteSEIC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

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