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Invesco's (IVZ) April AUM Rises 2.1% on Favorable Markets

Zacks Equity Research

Invesco IVZ has announced its assets under management (AUM) for April 2019. The company’s preliminary month-end AUM of $975.2 billion increased 2.1% from the prior month.

This growth was primarily driven by favorable market returns, increase in money market AUM, non-management fee earning AUM inflows, net long-term inflows and reinvested distributions. However, unfavorable foreign-exchange movement brought down the month’s AUM by $0.4 billion.

Invesco’s preliminary average total AUM for the quarter through Apr 30 was $968.9 billion, while preliminary average active AUM totaled $711.4 billion.

At the end of the reported month, Invesco’s Equity AUM increased 3.6% sequentially to $445.9 billion. Also, Money Market AUM of $98.5 billion increased marginally from the prior month. Further, Alternatives AUM inched up 1% sequentially to $139.4 billion.

Balanced AUM and Fixed Income AUM for April came in at $50.9 billion and $240.5 billion, respectively. Both figures increased 1.4% from the prior month.

Improving AUM balance, strategic acquisitions and increasing global presence augurs well for the company’s prospects.

Over the past three months, shares of Invesco have gained 18% compared with the 7.3% rise recorded by the industry.



Invesco currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Managers

Cohen & Steers CNS reported preliminary AUM of $63.1 billion as of Apr 30, 2019, up nearly 1% from the prior-month level. Market appreciation of $178 million and net inflows of $428 million aided this upswing.

Franklin Resources BEN announced preliminary AUM by its subsidiaries of $720.5 billion for April 2019. Results display 1.2% growth from the $712.3 billion recorded as of Mar 31, 2019. Net market gains, partially offset by net outflows, led to this upside.

T. Rowe Price Group, Inc. TROW too is expected to report monthly numbers soon.

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