Invesco Ltd. (NYSE: IVZ) has reported its preliminary month-end assets under management (AUM) as of June 30, 2024, which stood at $1,715.8 billion. This represents an increase of 1.7% compared to the previous month-end. The firm experienced net long-term inflows of $6.5 billion in the month, with non-management fee earning net inflows at $0.2 billion and money market net outflows at $1.9 billion.
The AUM was positively impacted by favorable market returns, which contributed to an increase of $24 billion. However, foreign exchange movements had a negative impact, reducing AUM by $2.4 billion, partially offset by reinvested distributions of $1.3 billion.
Looking at the breakdown of AUM across various strategies, the AUM for ETF & Index Strategies, Fundamental Fixed Income, Fundamental Equities, Private Markets, APAC Managed, Multi-Asset/Other, Global Liquidity, and QQQ are as follows:
- June 30, 2024:
- Total AUM: $1,715.8 billion
- ETF & Index Strategies: $415.1 billion
- Fundamental Fixed Income: $272.6 billion
- Fundamental Equities: $268.8 billion
- Private Markets: $129.1 billion
- APAC Managed: $112.4 billion
- Multi-Asset/Other: $59.6 billion
- Global Liquidity: $171.6 billion
- QQQ: $286.6 billion
Comparing these figures to the previous months: May 31, 2024: * Total AUM: $1,687.7 billion April 30, 2024: * Total AUM: $1,625.2 billion * March 31, 2024: * Total AUM: $1,662.7 billion
These figures indicate a steady increase in total AUM over the months leading up to June 30, 2024.
Invesco Ltd. highlighted that the preliminary average total AUM for the quarter through June 30 was $1,669.3 billion, with the preliminary average active AUM for the same period at $994.6 billion.
The market has reacted to these announcements by moving the company's shares 3.5% to a price of $15.77. If you want to know more, read the company's complete 8-K report here.
