) recorded a marginal rise in its preliminary month-end assets
under management (AUM) for Feb 2013. The AUM for the month was
$713.8 billion, up 0.2% from $712.6 billion at the end of Jan
Favorable market returns as well as hike in active long-term
inflows were the primary reasons for the rise. Yet, foreign
exchange led to a $5.8 billion drop in AUM. At the end of the
month, Invesco's average assets stood at $708.0 billion, while
the total value of average active assets was $588.4 billion.
In the month under review, Invesco's preliminary active AUM was
recorded at $593.0 billion, reflecting a 0.2% rise from $591.9
billion in the prior month. Similarly, preliminary passive AUM
was $120.8 billion, witnessing a marginal 0.1% increase from the
earlier month level.
At the end of Feb 2013, Invesco's total equity AUM dipped 0.2% to
$311.3 billion from $312.0 billion recorded at the end of Jan
2013. Also, alternative AUM showed a slight decline of 0.2% from
the prior month to $84.3 billion.
Nevertheless, Invesco's fixed income AUM inched up 0.3% to $174.8
billion from $174.2 billion in the preceding month. Similarly,
balanced assets summed up to $66.8 billion, rising 1.7% from the
previous month. Further, money market AUM came in at $76.6
billion in the reported month, improving 0.5% from the prior
Among other investment managers,
Franklin Resources Inc.
) announced preliminary AUM of $813.8 billion by its subsidiaries
for Feb 2013, up 0.5% from $809.8 billion as of Jan 31, 2013.
Another investment manager,
Legg Mason Inc.
) is expected to announce its Feb 2013 AUM later this week.
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 retains a Zacks Rank #3 (Hold). Another
investment management company worth considering is
), which has a Zacks Rank #1 (Strong Buy).
FRANKLIN RESOUR (BEN): Free Stock Analysis
INVESCO LTD (IVZ): Free Stock Analysis Report
LAZARD LTD (LAZ): Free Stock Analysis Report
LEGG MASON INC (LM): Free Stock Analysis
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