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Invesco's (IVZ) February AUM Up 1.6% on Favorable Markets

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Invesco IVZ announced assets under management (AUM) for February 2019. The company’s preliminary month-end AUM of $945.7 billion increased 1.6% from the prior month.

Favorable market returns, increase in money market AUM and reinvested distributions were the primary reasons behind this rise in total AUM. Foreign exchange increased the month’s AUM by $0.2 billion. However, these were partially offset by net long-term outflows and non-management fee earning AUM outflows.

Invesco’s preliminary average total AUM for the quarter through Feb 28 was $923.2 billion while preliminary average active AUM totaled $690.5 billion.

At the end of the reported month, Invesco’s Equity AUM increased 2.9% sequentially to $427 billion. Also, Money Market AUM of $98.1 billion increased nearly 2.5%. Fixed Income AUM increased roughly 1.3% from January 2019 to $231.1 billion.

However, Alternatives AUM decreased 1.6% sequentially to $138 billion. Balanced AUM of $51.5 billion decreased marginally from the prior month.

While AUM increased in the reported month as well as the last month, a steady decline in the same over the past few months remains a concern for the company as it might hurt revenue growth to some extent.

Over the past six months, shares of the company have lost more than 18%.

Invesco currently carries a Zacks Rank #3 (Hold). 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 $60.8 billion as of Feb 28, 2019, up 1.3% from the prior-month level. Market appreciation of $624 million and net inflows of $350 million, partly offset by distributions of $196 million, drove this upside.

Franklin Resources BEN announced preliminary AUM by its subsidiaries of $714.2 billion for February 2019. Results display 5.3% rise from $678.3 billion recorded as of Jan 31, 2019. Net market gains and the acquisition of Benefit Street Partners L.L.C. led to the increase, partially offset by net outflows. However, the figure dipped 4.1% from the previous year.

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

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