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Invesco's April AUM Up 1.6% on Higher Money Market Assets

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Invesco Ltd.IVZ announced its preliminary month-end assets under management ("AUM") for Apr 2016. The company's AUM came in at $783.7 billion, a rise of 1.6% from $771.5 million recorded in the prior month.

The increase was driven by favorable market returns and improved money market AUM. Further, favorable impact of foreign exchange added $3.2 billion to AUM, while closure of a 100% interest in a joint venture with the Indian asset manager Religare Enterprises Limited increased it by $2.4 billion.

Additionally, Invesco's preliminary average total AUM for the quarter through Apr 30 was $781.7 billion, while preliminary average active AUM stood at $650.3 billion.

At April-end, Invesco's total Equity AUM inched down 0.3% from the prior month to $358.4 billion. However, Fixed Income AUM came in at $192.6 billion, up 3.8% from $187.1 billion at the end of Mar 2016.

Additionally, Balanced AUM came in at $47.8 billion, an increase of 2.1% from $46.8 billion recorded in Mar 2016. Also, Alternatives AUM rose 2.9% from the preceding month to $112.7 billion. Further, money market AUM was recorded at $72.2 billion, up 5.2% from the preceding month.

Apart from Invesco, another investment manager, Franklin Resources Inc. BEN , declared preliminary AUM of $747.1 billion by its subsidiaries for Apr 2016, a 1% rise from the prior month. Notably, Legg Mason, Inc. LM is expected to release preliminary AUM results for Apr 2016 later this week.

Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is SEI Investments Co. SEIC , sporting a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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