We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Up 3.8% on Upbeat Markets, Inflows
Read MoreHide Full Article
Invesco (IVZ - Free Report) has announced preliminary assets under management (AUM) for May 2024. The company’s month-end AUM of $1.68 trillion represented a 3.8% increase from the previous month.
IVZ delivered net long-term inflows of $5.2 billion in May. Non-management fee-earning net inflows were $5.7 billion and money market net inflows totaled $7.7 billion.
Further, Invesco’s AUM was favorably impacted by solid market returns, which boosted its AUM by $42 billion. FX increased the AUM balance by $2.3 billion.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1.65 trillion and the preliminary average active AUM came in at $991.1 billion.
At the end of May, IVZ’s AUM under ETFs & Index Strategies was $405.6 billion, jumping 5% from the previous month. The Fundamental Fixed Income AUM of $271.5 billion grew almost 1% sequentially.
Invesco’s Fundamental Equities AUM for May was $268.3 billion, up 2.5% from April 2024-end. Private Markets AUM rose 1.4% to $127.7 billion. Further, the APAC Managed AUM increased 1.7% from the prior-month end to $111.5 billion.
AUM under Multi-Asset/Other was $60 billion, which grew 2.2% from the previous month’s end. Global Liquidity AUM was $165.4 billion, up 4.6% sequentially. Lastly, QQQs AUM was $270.1 billion, jumping 8.7%.
Several macroeconomic headwinds have been leading to a volatile trend in net flows, which, along with a tough operating environment, might hurt Invesco’s top line in the near term. Nonetheless, synergies from buyouts, diverse product offerings and alternative investment strategies, the company's global presence and a solid AUM balance will likely keep aiding it.
Over the past six months, Invesco shares have lost 8.3% against the industry’s growth of 11.6%.
Cohen & Steers, Inc. (CNS - Free Report) reported a preliminary AUM of $80.5 billion as of May 31, 2024. This reflected growth of 4.3% from the prior month's level.
The increase in CNS’ AUM balance was mainly attributable to a market appreciation of $3.6 billion. This was partly offset by net outflows of $93 million and distributions of $150 million.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary month-end AUM of $1.64 trillion as of May 31, 2024. This marked a rise of 2.5% from the prior month.
The increase in BEN’s AUM balance reflected the impact of favorable markets, which was partially offset by slight long-term net outflows.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Invesco's (IVZ) May AUM Up 3.8% on Upbeat Markets, Inflows
Invesco (IVZ - Free Report) has announced preliminary assets under management (AUM) for May 2024. The company’s month-end AUM of $1.68 trillion represented a 3.8% increase from the previous month.
IVZ delivered net long-term inflows of $5.2 billion in May. Non-management fee-earning net inflows were $5.7 billion and money market net inflows totaled $7.7 billion.
Further, Invesco’s AUM was favorably impacted by solid market returns, which boosted its AUM by $42 billion. FX increased the AUM balance by $2.3 billion.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1.65 trillion and the preliminary average active AUM came in at $991.1 billion.
At the end of May, IVZ’s AUM under ETFs & Index Strategies was $405.6 billion, jumping 5% from the previous month. The Fundamental Fixed Income AUM of $271.5 billion grew almost 1% sequentially.
Invesco’s Fundamental Equities AUM for May was $268.3 billion, up 2.5% from April 2024-end. Private Markets AUM rose 1.4% to $127.7 billion. Further, the APAC Managed AUM increased 1.7% from the prior-month end to $111.5 billion.
AUM under Multi-Asset/Other was $60 billion, which grew 2.2% from the previous month’s end. Global Liquidity AUM was $165.4 billion, up 4.6% sequentially. Lastly, QQQs AUM was $270.1 billion, jumping 8.7%.
Several macroeconomic headwinds have been leading to a volatile trend in net flows, which, along with a tough operating environment, might hurt Invesco’s top line in the near term. Nonetheless, synergies from buyouts, diverse product offerings and alternative investment strategies, the company's global presence and a solid AUM balance will likely keep aiding it.
Over the past six months, Invesco shares have lost 8.3% against the industry’s growth of 11.6%.
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 a preliminary AUM of $80.5 billion as of May 31, 2024. This reflected growth of 4.3% from the prior month's level.
The increase in CNS’ AUM balance was mainly attributable to a market appreciation of $3.6 billion. This was partly offset by net outflows of $93 million and distributions of $150 million.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary month-end AUM of $1.64 trillion as of May 31, 2024. This marked a rise of 2.5% from the prior month.
The increase in BEN’s AUM balance reflected the impact of favorable markets, which was partially offset by slight long-term net outflows.