Invesco's (IVZ) January AUM Up 4.8% On Favorable Markets

Invesco (NYSE:IVZ) announced assets under management (AUM) for January 2019. The company’s preliminary month-end AUM of $930.6 billion increased 4.8% from the prior month.

Favorable market returns, increase in money market AUM and reinvested distributions were the primary reasons behind the rise in total AUM. Foreign exchange increased the month’s AUM by $4.9 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 Jan 31 was $910.3 billion while preliminary average active AUM totaled $683.3 billion.

At the end of the reported month, Invesco’s Equity AUM increased 7.7% sequentially to $414.9 billion. Also, Money Market AUM of $95.7 billion increased nearly 5.2%. Further, Alternatives AUM increased 2.7% sequentially to $140.2 billion.

Balanced AUM of $51.7 billion increased 2.6% from the prior month. Fixed Income AUM increased roughly 1.3% from December 2018 to $228.1 billion.

However, a steady decline in AUM 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 Invesco have lost 26.6% compared with 12.1% decline recorded by the industry.




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 (NYSE:CNS) reported preliminary AUM of $60 billion as of Jan 31, 2019, up 9.5% from the prior-month level. Market appreciation of $5 billion and net inflows of $427 million, partly offset by distributions of $200 million, drove this upswing.

Franklin Resources (NYSE:BEN) announced preliminary AUM by its subsidiaries of $678.3 billion for January 2019. Results displayed 4.4% rise from $649.9 billion recorded as of Dec 31, 2018. Net market gains, partially offset by net outflows, led to the increase.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is expected to report monthly numbers soon.

Zacks' Best Stock-Picking Strategy

It's hard to believe, even for us at Zacks. But from 2000-2018, while the market gained +4.8% per year, our top stock-picking strategy averaged +54.3% per year.

How has that screen done lately? From 2017-2018, it sextupled the market's +15.8% gain with a soaring +98.3% return.

Free – See the Stocks It Turned Up for Today >>

Cohen & Steers Inc (CNS): Free Stock Analysis Report

Franklin Resources, Inc. (BEN): Get Free Report

T. Rowe Price Group, Inc. (TROW): Get Free Report

Invesco Ltd. (IVZ): Get Free Report

Original post

Zacks Investment Research