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Invesco's (IVZ) December AUM Rise Despite Net Outflows

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Invesco Ltd. (IVZ - Free Report) announced its preliminary month-end assets under management (“AUM”) for Dec 2016. The company’s AUM came in at $812.9 billion, up 0.9% from $805.6 billion recorded in the prior month.

The rise was driven by higher money market AUM and favorable market returns, partly offset by net long-term outflows. Also, there was an unfavorable foreign exchange impact of $1.5 billion.  

Additionally, Invesco’s preliminary average total AUM for the quarter through Dec 31 was $809.0 billion, while preliminary average active AUM was $667.0 billion.

At the end of December, Invesco’s total Equity AUM inched up 1.2% from the prior month to $364.1 billion. Further, Fixed Income AUM of $201.7 billion declined nearly 0.2% from the Nov 2016 level.

In addition, Balanced AUM came in at $46.8 billion, in line with the Nov 2016 figure. Also, Alternatives AUM increased nearly 2.3% from the preceding month to $122.0 billion. Further, money market AUM was recorded at $78.3 billion, up 0.9% from the prior month.

Invesco currently carries a Zacks Rank #3 (Hold). The company’s stock has gained around 6.9% over the last one year, underperforming the 21% gain for the Zacks categorized Investment Management industry.



Apart from Invesco, another investment manager, Franklin Resources Inc. (BEN - Free Report) , declared preliminary AUM of $720.0 billion by its subsidiaries for Dec 2016, a 1% rise from the prior month. It also carries a Zacks Rank #3.

A couple of better-ranked stocks in the same space include The Blackstone Group L.P. (BX - Free Report) and Apollo Global Management, LLC (APO - Free Report) .

Blackstone’s shares have gained 23.6% over the last one year. The Zacks Consensus Estimate for the stock also inched up nearly 0.5% for 2016, over the last 30 days. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Apollo Global also carries a Zacks Rank #2. Its earnings estimates for 2016 have been revised 9.1% upward, over the past 30 days. Also, its shares have gained 53.9%, in the last one year.

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