Invesco's (IVZ) March AUM Falls On Lower Money Market Assets

Invesco Ltd. (NYSE:IVZ) announced a slight decline in preliminary month-end assets under management (“AUM”) for Mar 2017. The company’s AUM came in at $834.8 billion, down marginally from $836.8 billion recorded in the prior month.

This fall can be attributed to decline in Money Market AUM and long-term net outflows. However, these were partly offset by favorable market returns and inflows in PowerShares QQQs. Further, FX increased March AUM by $0.6 billion.

Besides, Invesco’s preliminary average total AUM for the quarter through Mar 31 was $829.8 billion, while preliminary average active AUM was $678.4 billion.

At the end of March, Invesco’s Equity AUM grew 0.5% from the prior month to $381.8 billion. Further, Fixed Income AUM of $203.8 billion rose slightly from $203.2 billion in Feb 2017.

Additionally, Balanced AUM came in at $48.9 billion, increasing 0.6% from the Feb 2017 figure. However, Alternatives AUM fell marginally from the preceding month to $127.2 billion. Also, Money Market AUM was recorded at $73.1 billion, down 6.3% from the prior month.

In the last three months, shares of Invesco lost nearly 1% as against a gain of 3.3% for the Zacks categorized Investment Management industry.



Apart from Invesco, another investment manager, Franklin Resources, Inc. (NYSE:BEN) , declared preliminary AUM of $740 billion by its subsidiaries for Mar 2017, a slight rise from the prior month. Further, Legg Mason, Inc. (NYSE:LM) is likely to come out with its Feb 2017 AUM data soon.

Currently, Invesco carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same space is Ameriprise Financial, Inc. (NYSE:AMP) . The company’s shares have risen 12.3% in the last three months. The stock’s Zacks Consensus Estimate for 2017 has remained stable, in the last 60 days. The stock carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Invesco PLC (IVZ): Free Stock Analysis Report

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