Invesco Ltd. (NYSE: IVZ) has reported a 3.8% increase in its assets under management (AUM) to $1,687.7 billion as of May 31, 2024, compared to the previous month-end. This increase was driven by net long-term inflows of $5.2 billion, with non-management fee earning net inflows at $5.7 billion and money market net inflows at $7.7 billion.
The AUM was also positively impacted by favorable market returns, which contributed to a $42 billion increase, and foreign exchange effects, which added $2.3 billion to the AUM.
Looking at the breakdown of total assets under management across different strategies, the AUM for ETF & index strategies increased from $386.2 billion in April to $405.6 billion in May, while fundamental fixed income AUM rose from $269.2 billion to $271.5 billion during the same period.
In terms of average AUM for the quarter through May 31, 2024, the preliminary average total AUM was $1,651.5 billion, while the preliminary average active AUM was $991.1 billion.
As a result of these announcements, the company's shares have moved -1.4% on the market, and are now trading at a price of $14.98. For the full picture, make sure to review Invesco's 8-K report.
