Invesco's May AUM Up 2.1% On Improved Money Market Assets
Zacks Investment Research | Jun 13, 2017 08:19AM ET
Invesco Ltd. (NYSE:IVZ) announced an increase in its preliminary month-end assets under management (“AUM”) for May 2017. The company’s AUM came in at $859 billion, up 2.1% from $841.4 billion recorded in the prior month.
The rise reflected favorable market returns, higher Money Market AUM and inflows into PowerShares QQQs and net long-term inflows. Further, FX increased April AUM by $0.9 billion.
Invesco’s preliminary average total AUM for the quarter through May 31 was $843.3 billion while preliminary average active AUM was $687.7 billion.
At the end of the reported month, Invesco’s Equity AUM grew 1.9% from the prior month to $394.5 billion. Further, Fixed Income AUM of $208.4 billion rose 1.2% from $206 billion in Apr 2017.
Additionally, Balanced AUM came in at $51.6 billion, jumping 3.4% from Apr 2017. Alternatives AUM rose marginally from the preceding month to $128.8 billion. Also, Money Market AUM was $75.7 billion, rising 8.1% from the prior month.
In the last three months, shares of Invesco have gained 9.1%, outperforming the Zacks categorized Zacks Investment Research
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