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Franklin Resources, Inc. (BEN) - free report >>
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Invesco (IVZ) Records a Rise in July AUM on Favorable Markets
Invesco (IVZ - Free Report) announced preliminary assets under management (“AUM”) for July 2022. The company’s month-end AUM of $1,449 billion represented a 4.2% rise from the prior month's end.
Invesco recorded net long-term outflows of $5.2 billion. Non-management fee-earning net inflows were $1.4 billion and money market net inflows were $5.1 billion. Foreign exchange rate movements did not have any material impact on the month’s AUM balance.
For the month, the company’s AUM was positively impacted by favorable market returns, increasing $57 billion.
Invesco’s preliminary average total AUM in the quarter through Jul 31 was $1,408.7 billion, and its preliminary average active AUM was $961.7 billion.
At the end of July, IVZ’s Equity AUM was $693.8 billion, increasing 7.6% from the previous month. Balanced AUM was $72 billion, falling 1.2% from June 2022-end. Fixed Income AUM of $315.5 billion was up 2.1%.
Alternatives AUM fell marginally to $199.1 billion. Money Market AUM rose 2.8% from the prior month-end to $168.6 billion.
Invesco’s strong global presence and solid AUM balance position it well for growth. Its diverse product offerings and alternative investment strategies are expected to continue attracting investors. However, elevated expenses are a major near-term concern for the company.
Over the past year, shares of Invesco have lost 30.5% compared with a 20.3% decline of the industry.
Image Source: Zacks Investment Research
Currently, Invesco carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Franklin Resources, Inc. (BEN - Free Report) announced its preliminary AUM for July 2022. BEN's month-end AUM of $1,429.7 billion marked a 3.6% rise from the previous month’s figure.
The increase in Franklin's AUM primarily reflected the positive impact of markets, partially offset by long-term net outflows.
Another investment manager that we should look out for is Lazard Ltd (LAZ - Free Report) . LAZ is expected to release monthly metrics in the coming days.