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Invesco’s (IVZ) May AUM Improves on Net Long-Term Inflows


Invesco Ltd. IVZ reported preliminary month-end assets under management (AUM) of $977.3 billion for May 2018. The figure reflects slight increase from the prior month.

This rise has been mainly driven by favorable market returns, improvement in money market AUM, net long-term inflows and non-management fee earning AUM inflows. However, FX decreased May AUM by $5.1 billion.

Invesco’s preliminary average total AUM for the quarter through May 31 was $977.3 billion, while preliminary average active AUM came in at $733.3 billion.

At the end of the reported month, Invesco’s Equity AUM inched up 1% from the previous month to $452 billion. Further, Fixed Income AUM of $236.1 billion decreased slightly from the April 2018 level. Also, Money Market AUM was $82.8 billion, marginally up from the last month.

Additionally, Balanced AUM of $58.5 billion declined 2% sequentially. However, Alternatives AUM increased slightly to $147.9 billion compared with the last month.

While the company has been witnessing continued growth in AUM for the past few years, supporting revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind, at present.

Invesco carries a Zacks Rank #5 (Strong Sell). In the past year, shares of the company have lost 19% against the industry’s rally of 14.1%.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Apart from Invesco, Franklin Resources, Inc. BEN reported preliminary AUM of $732.8 billion by its subsidiaries for May 2018, reflecting slight increase from the prior month. Further, Legg Mason, Inc. LM and T. Rowe Price Group, Inc. TROW are expected to announce their AUM figures soon.

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