Invesco (IVZ) April AUM Up 3.9% on Upbeat Markets & Inflows

·3-min read

Invesco IVZ has announced assets under management (AUM) for April 2021. The company’s preliminary month-end AUM of $1,459 billion represents an increase of 3.9% from the prior month.

The rise was largely driven by favorable market returns, which raised the company’s AUM by $39 billion. Further, Invesco witnessed total net inflows of $13.1 billion during the month. Moreover, FX increased AUM by $3 billion.

Also, Invesco recorded net long-term inflows of $7.2 billion, while money market net inflows were $7.8 billion in April 2021. Nonetheless, non-management fee-earning net outflows were $1.9 billion.

Invesco’s preliminary average total AUM in the quarter through Apr 30 was $1,447 billion and preliminary average active AUM summed $1,030.8 billion.

At the end of the reported month, the company’s Equity AUM was $757.6 billion, up 4.5% from the previous month. Also, Money Market AUM grew 7% to $123.8 billion. Alternatives AUM rose 3.2% sequentially to $182.2 billion.

Further, Balanced AUM for April was $87.3 billion, increasing 2.5% from the prior-month end. Moreover, Fixed Income AUM of $308.1 billion was up 2.2%.

Invesco’s global presence, solid AUM balance and initiatives to capitalize on investors’ demand for different investment strategies poise it well for the future.

Shares of the company have surged 56.4% so far this year, outperforming 24.4% growth of the industry it belongs to.

Currently, Invesco carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Managers

Cohen & Steers CNS reported preliminary AUM of $92.8 billion as of Apr 30, 2021, which reflects an increase of 6.7% from the prior-month level. Net inflows of $821 million and market appreciation of $5.2 billion were partially offset by distributions of $200 million.

Franklin Resources BEN reported preliminary AUM of $1529.3 billion for April 2021. This reflected 2% growth from the $1498.9 billion recorded as of Mar 31, 2021.

T. Rowe Price Group TROW is likely to come out with April AUM numbers in the coming days.

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. 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 2021 today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Franklin Resources, Inc. (BEN) : Free Stock Analysis Report

T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report

Invesco Ltd. (IVZ) : Free Stock Analysis Report

Cohen & Steers Inc (CNS) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting