) recorded a rise in its preliminary month-end assets under
management (AUM) for April. The AUM for the month was $748.5
billion, up 2.6% from $729.3 billion at the end of Mar 2013.
Favorable market returns as well as an increase in active and
passive long-term inflows and foreign exchange were the primary
reasons for the rise. Foreign exchange led to a $2.6 billion rise
in AUM. At the end of April, Invesco's average assets stood at
$738.6 billion, while the total value of average active assets
was $614.8 billion.
In April, Invesco's preliminary active AUM was $621.0 billion,
reflecting a 2.4% jump from the prior month. As of Apr 30, 2013,
active AUM included $21.3 billion of balanced and $0.5 billion of
equity AUM related to Atlantic Trust - to be sold to
Canadian Imperial Bank of Commerce
) for $210 million. Further, preliminary passive AUM was $127.5
billion, witnessing a 3.6% increase from the earlier month level.
At the end of April, Invesco's total equity AUM rose 2.3% to
$326.7 billion from $319.5 billion recorded at the end of Mar
2013. Further, fixed income AUM increased 1.8% from the prior
month to $179.1 billion.
Moreover, Invesco's balanced AUM advanced 3.7% to $73.1 billion.
Its money market AUM amounted to $81.8 billion, rising 5.1% from
the previous month. Additionally, alternatives AUM came in at
$87.8 billion in the reported month, rising 2.6% from the prior
Among other investment managers,
Franklin Resources Inc.
) announced preliminary AUM of $847.5 billion by its subsidiaries
for April, up 2.9% from the prior month. Another investment
Legg Mason Inc.
) is expected to announce preliminary AUM for April by the middle
of this month.
Invesco's broad diversification strategy positions it comfortably
to benefit from enhanced global investment flows. However, the
unstable U.S. dollar, volatile equity markets and a sluggish
economic recovery, along with mounting competition, make us
Currently, Invesco carries a Zacks Rank # 1 (Strong Buy).
FRANKLIN RESOUR (BEN): Free Stock Analysis
CDN IMPL BK (CM): Free Stock Analysis Report
INVESCO LTD (IVZ): Free Stock Analysis Report
LEGG MASON INC (LM): Free Stock Analysis
To read this article on Zacks.com click here.