We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco (IVZ) July AUM Up on Favorable Markets, Net Inflows
Read MoreHide Full Article
Invesco (IVZ - Free Report) announced assets under management (AUM) for July 2020. The company’s preliminary month-end AUM of $1,195.3 billion represents a 4.4% increase from the previous month.
The rise was driven by favorable market returns, which boosted AUM by $38 billion. Moreover, FX increased AUM by $7.3 billion.
Overall net long-term inflows were $4 billion. Further, non-management fee earning net inflows were $1.1 billion.
Invesco’s preliminary average total AUM for the quarter through Jul 31 was $1,176.6 billion and preliminary average active AUM totaled $883.5 billion.
At the end of the reported month, the company’s Equity AUM was up 5.5% from the prior month to $575.1 billion. Balanced AUM for July was $64.6 billion, up 6.1% sequentially.
Alternatives AUM increased 3.6% from the prior month to $173.3 billion. Fixed Income AUM of $270.4 billion rose 3.7% from the previous month. Moreover, Money Market AUM increased marginally from the previous month to $111.9 billion.
Improving AUM balance and global presence augur well for the company’s prospects. However, lower interest rates and a tough operating backdrop remain concerning.
Shares of Invesco have lost 39.1% so far this year compared with a 1.5% decline recorded by the industry.
AllianceBernstein’s (AB - Free Report) preliminary month-end AUM of $623 billion for July 2020 increased 3.8% from the prior month. Market appreciation and total firm-wide net inflows primarily drove the rise.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $70.1 billion as of Jul 31, 2020, which increased 5.7% from the prior-month level. Market appreciation of $2.7 billion and net inflows of $1.3 billion were partially offset by distributions of $209 million.
Waddell & Reed Financial is expected to report July-end AUM in the coming days.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Invesco (IVZ) July AUM Up on Favorable Markets, Net Inflows
Invesco (IVZ - Free Report) announced assets under management (AUM) for July 2020. The company’s preliminary month-end AUM of $1,195.3 billion represents a 4.4% increase from the previous month.
The rise was driven by favorable market returns, which boosted AUM by $38 billion. Moreover, FX increased AUM by $7.3 billion.
Overall net long-term inflows were $4 billion. Further, non-management fee earning net inflows were $1.1 billion.
Invesco’s preliminary average total AUM for the quarter through Jul 31 was $1,176.6 billion and preliminary average active AUM totaled $883.5 billion.
At the end of the reported month, the company’s Equity AUM was up 5.5% from the prior month to $575.1 billion. Balanced AUM for July was $64.6 billion, up 6.1% sequentially.
Alternatives AUM increased 3.6% from the prior month to $173.3 billion. Fixed Income AUM of $270.4 billion rose 3.7% from the previous month. Moreover, Money Market AUM increased marginally from the previous month to $111.9 billion.
Improving AUM balance and global presence augur well for the company’s prospects. However, lower interest rates and a tough operating backdrop remain concerning.
Shares of Invesco have lost 39.1% so far this year compared with a 1.5% decline recorded by the industry.
Currently, Invesco 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 Companies
AllianceBernstein’s (AB - Free Report) preliminary month-end AUM of $623 billion for July 2020 increased 3.8% from the prior month. Market appreciation and total firm-wide net inflows primarily drove the rise.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $70.1 billion as of Jul 31, 2020, which increased 5.7% from the prior-month level. Market appreciation of $2.7 billion and net inflows of $1.3 billion were partially offset by distributions of $209 million.
Waddell & Reed Financial is expected to report July-end AUM in the coming days.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>