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 (IVZ) December AUM Rises on Upbeat Markets & Inflows
Read MoreHide Full Article
Invesco (IVZ - Free Report) has announced preliminary assets under management (AUM) for December 2023. The company’s month-end AUM of $1.59 trillion represented a 2.8% increase from the previous month.
Invesco reported net long-term inflows of $5.1 billion in the month. Further, the company’s December AUM was positively impacted by market returns, which increased the AUM balance by $39 billion. Also, foreign exchange and reinvested distributions resulted in a rise in AUM by $13.3 billion.
On the other hand, Invesco witnessed money market net outflows of $13 billion and non-management fee-earning net outflows of $1.3 billion.
Invesco’s preliminary average total AUM in the quarter through Dec 31 was $1.52 trillion, and the preliminary average active AUM came in at $966.5 billion.
At the end of December, IVZ’s Equity AUM was $823.7 billion, jumping 5.8% from the previous month. Fixed Income AUM of $325.7 billion increased 2.7% from the previous month.
Moreover, Invesco’s Balanced AUM for December was $62.7 billion, up 1.1% from November 2023-end. Alternatives AUM grew almost 1% to $180.5 billion. However, Money Market AUM fell 6.2% from the prior-month end to $192.7 billion.
Several macroeconomic headwinds have been leading to a volatile trend in net flows, which, along with a challenging operating environment, might hurt Invesco’s top line in the near term. Yet, synergies from buyouts, diverse product offerings and alternative investment strategies, the company's global presence and solid AUM balance will likely keep aiding it.
Over the past six months, shares of Invesco have gained 1.7%, underperforming the industry’s rally of 15.1%.
Cohen & Steers, Inc. (CNS - Free Report) reported preliminary AUM of $83.1 billion as of Dec 31, 2023. This reflected a rise of 5.6% from the prior month's level.
The improvement in CNS’ AUM balance was driven by a positive net inflow of $61 million and a market appreciation of $4.8 billion. These were partially offset by distributions of $408 million.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary AUM balance of $1.46 trillion for December 2023. This reflects a 3.1% increase from $1.41 trillion recorded as of Nov 30, 2023.
The rise in BEN’s AUM balance was largely driven by the impacts of positive markets and long-term net inflows.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Invesco (IVZ) December AUM Rises on Upbeat Markets & Inflows
Invesco (IVZ - Free Report) has announced preliminary assets under management (AUM) for December 2023. The company’s month-end AUM of $1.59 trillion represented a 2.8% increase from the previous month.
Invesco reported net long-term inflows of $5.1 billion in the month. Further, the company’s December AUM was positively impacted by market returns, which increased the AUM balance by $39 billion. Also, foreign exchange and reinvested distributions resulted in a rise in AUM by $13.3 billion.
On the other hand, Invesco witnessed money market net outflows of $13 billion and non-management fee-earning net outflows of $1.3 billion.
Invesco’s preliminary average total AUM in the quarter through Dec 31 was $1.52 trillion, and the preliminary average active AUM came in at $966.5 billion.
At the end of December, IVZ’s Equity AUM was $823.7 billion, jumping 5.8% from the previous month. Fixed Income AUM of $325.7 billion increased 2.7% from the previous month.
Moreover, Invesco’s Balanced AUM for December was $62.7 billion, up 1.1% from November 2023-end. Alternatives AUM grew almost 1% to $180.5 billion. However, Money Market AUM fell 6.2% from the prior-month end to $192.7 billion.
Several macroeconomic headwinds have been leading to a volatile trend in net flows, which, along with a challenging operating environment, might hurt Invesco’s top line in the near term. Yet, synergies from buyouts, diverse product offerings and alternative investment strategies, the company's global presence and solid AUM balance will likely keep aiding it.
Over the past six months, shares of Invesco have gained 1.7%, underperforming the industry’s rally of 15.1%.
Image Source: Zacks Investment Research
Currently, IVZ carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Cohen & Steers, Inc. (CNS - Free Report) reported preliminary AUM of $83.1 billion as of Dec 31, 2023. This reflected a rise of 5.6% from the prior month's level.
The improvement in CNS’ AUM balance was driven by a positive net inflow of $61 million and a market appreciation of $4.8 billion. These were partially offset by distributions of $408 million.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary AUM balance of $1.46 trillion for December 2023. This reflects a 3.1% increase from $1.41 trillion recorded as of Nov 30, 2023.
The rise in BEN’s AUM balance was largely driven by the impacts of positive markets and long-term net inflows.