Invesco Ltd. (NYSE: IVZ) has reported a 1.1% increase in its assets under management (AUM) to $1,751.8 billion as of August 31, 2024, compared to the previous month-end. The firm achieved net long-term inflows of $2.4 billion during the month, with non-management fee earning net inflows at $0.9 billion and money market net outflows at $6.4 billion.
The AUM growth was supported by favorable market returns, which contributed to a $16 billion increase, and foreign exchange (FX) impacts, which added $7.3 billion to the AUM.
Looking at the breakdown of total AUM by investment strategies, the AUM for ETFs & index strategies increased to $444.2 billion, fundamental fixed income to $284.6 billion, fundamental equities to $275.2 billion, and private markets to $129.6 billion. The AUM for APAC managed, multi-asset/other, global liquidity, and QQQA strategies also experienced changes.
For the quarter through August 31, the preliminary average total AUM was $1,730.2 billion, and the preliminary average active AUM was $1,003.3 billion.
Invesco Ltd. attributed its growth to its global independent investment management approach, with investment teams in over 20 countries delivering a comprehensive range of active, passive, and alternative investment capabilities. The market has reacted to these announcements by moving the company's shares -0.4% to a price of $15.8. For more information, read the company's full 8-K submission here.
