Invesco Reports $1,662.7B AUM for March

Invesco Ltd. (NYSE: IVZ) has announced its preliminary month-end assets under management (AUM) for March 31, 2024, amounting to $1,662.7 billion. This represents a 2.0% increase compared to the previous month-end. Notably, the firm achieved net long-term inflows of $2.8 billion during the month, with non-management fee earning net inflows at $1.8 billion and money market net outflows at $1.5 billion.

The breakdown of total AUM by asset class reveals that equity AUM increased from $871.9 billion in February 2024 to $901.9 billion in March 2024, while fixed income AUM rose from $325.1 billion to $326.8 billion over the same period. Additionally, the AUM in money market assets decreased from $194.7 billion in February 2024 to $193.2 billion in March 2024.

Looking at active AUM, the figures show an increase from $986.7 billion in February 2024 to $995.7 billion in March 2024. Within this category, equity and fixed income AUM also experienced growth, reaching $317.4 billion and $279.3 billion, respectively, in March 2024.

Conversely, passive AUM, which includes index-based ETFs, UITs, non-fee earning leverage, foreign exchange overlays, and other passive mandates, saw an increase from $644.2 billion in February 2024 to $667.0 billion in March 2024.

The overall positive performance was also influenced by favorable market returns, contributing to a $29 billion increase in AUM, partially offset by FX movements that reduced AUM by $1.1 billion. Moreover, reinvested distributions amounted to $0.9 billion.

The market has reacted to these announcements by moving the company's shares -4.0% to a price of $16.26. If you want to know more, read the company's complete 8-K report here.

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