Invesco Ltd.’s IVZ preliminary month-end assets under management (“AUM”) witnessed a rise for the month of Feb 2015. The AUM came in at $809.4 billion, up 2.9% from the prior month.
The increase was attributable to net long-term inflows and favorable market returns. Moreover, foreign exchange led to a further rise of $3.0 billion in AUM during the month. Invesco’s preliminary average total AUM for the quarter through Feb 28 was $792.5 billion, while preliminary average active AUM stood at $650.8 billion.
At February end, Invesco’s total equity AUM grew 5.6% from the prior month to $397.5 billion. Also, balanced AUM came in at $51.0 billion, up 3% from $49.5 billion at the end of Jan 2015.
Additionally, Invesco’s money market and fixed income AUM recorded a rise compared with the Jan 2015 levels. Money market AUM was recorded at $77.3 billion as against $77.0 billion in the previous month. Further, fixed Income AUM came in at $183.8 billion, inching up nearly 1% from the prior-month level.
However, alternatives AUM fell 1.2% from the previous month to $99.8 billion. In February, the company’s passive alternative AUM included a $0.7 billion fall representing 32 exchange traded notes (“ETNs”). These ETNs were scheduled to transfer as part of the agreement with Deutsche Bank AG DB, for transitioning the investment management of the PowerShares DB suite of commodity exchange traded funds (“ETFs”) to Invesco.
Invesco's high debt level and escalating operating expenses continue to be major concerns. However, the company remains well positioned to benefit from the improvement in global investment flows. Also, a rebound in the equity markets will act as a positive catalyst.
Apart from Invesco, other investment managers like Franklin Resources Inc. BEN declared preliminary AUM of $894.1 billion by its subsidiaries for Feb 2015, exhibiting an increase of 2.6% from the prior month. Also, Legg Mason Inc. LM reported preliminary AUM of $711.0 billion as of Feb 28, 2015, up roughly 1% from Jan 2015 level.
Currently, Invesco carries a Zacks Rank #3 (Hold).
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