Invesco Ltd. Announces January 31, 2024 Assets Under Management

Rhea-AI Summary

Invesco Ltd. (IVZ) reported a slight decrease in assets under management (AUM) to $1,583.9 billion, with net long-term inflows of $1.7 billion in January. AUM was affected by market returns and FX fluctuations. Total AUM for the quarter through January 31 was $1,579.4 billion.

Insights

Financial Analyst

The reported decrease in Invesco Ltd.'s assets under management (AUM) by 0.1% compared to the previous month-end signals a slight contraction. However, the net long-term inflows of $1.7 billion suggest that investors are still entrusting the firm with new capital for investment, which is a positive indicator of investor confidence. The differentiation between non-management fee earning net inflows and money market net outflows is crucial, as the former contributes to the company's revenue potential, whereas the latter does not.

Market volatility, as indicated by the $3 billion decrease due to unfavorable market returns, alongside the $4.4 billion decrease due to FX movements, reflects external economic factors affecting the firm's AUM. These factors are typically beyond the firm's control but are important for stakeholders to consider when assessing the firm's performance against market benchmarks.

The preliminary average AUM figures for the quarter provide a broader view of the firm's asset management trends, which are essential for understanding the firm's potential revenue streams from management fees. The distinction between active and passive AUM is also significant, as active management typically commands higher fees and may indicate the firm's competitive edge in asset management.

Market Research Analyst

An analysis of the asset classes within Invesco's portfolio reveals investor preferences and market trends. The slight decrease in fixed income and balanced assets, along with a minor increase in equity, may point to a shift in investor risk appetite. This could be a response to the macroeconomic environment, interest rate changes, or market performance expectations.

Furthermore, the growth in alternatives suggests an increasing diversification into non-traditional investments, which could be a strategic move by investors to hedge against market volatility or seek uncorrelated returns. The data on passive and active AUM provides insight into the industry-wide trend towards passive investment strategies, which tend to be lower cost. The figures indicate that while there is a significant passive component, Invesco maintains a substantial proportion of actively managed funds, which may appeal to certain investor segments seeking active portfolio management.

ATLANTA, Feb. 12, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,583.9 billion, a decrease of 0.1% versus previous month-end. The firm delivered net long-term inflows of $1.7 billion in the month. Non-management fee earning net inflows were $5.8 billion and money market net outflows were $1.3 billion. AUM was negatively impacted by unfavorable market returns which decreased AUM by $3 billion. FX decreased AUM by $4.4 billion. Preliminary average total AUM for the quarter through January 31 were $1,579.4 billion, and preliminary average active AUM for the quarter through January 31 were $973.0 billion.

Total Assets Under Management
(in billions)	Total	Equity	Fixed Income	Balanced	Money Market	Alternatives
January 31, 20241	$1,583.9	$830.8	$324.0	$59.5	$191.2	$178.4
December 31, 2023	$1,585.3	$823.7	$325.7	$62.7	$192.7	$180.5
November 30, 2023	$1,542.1	$778.2	$317.2	$62.0	$205.4	$179.3
October 31, 2023	$1,450.5	$707.9	$308.3	$59.7	$198.9	$175.7
Active2
(in billions)	Total	Equity	Fixed Income	Balanced	Money Market	Alternatives
January 31, 20241	$971.2	$298.9	$277.2	$58.6	$191.2	$145.3
December 31, 2023	$985.3	$302.9	$280.0	$61.8	$192.7	$147.9
November 30, 2023	$976.2	$291.4	$270.6	$61.2	$205.4	$147.6
October 31, 2023	$936.5	$272.0	$262.3	$58.9	$198.9	$144.4
Passive2
(in billions)	Total	Equity	Fixed Income	Balanced	Money Market	Alternatives
January 31, 20241	$612.7	$531.9	$46.8	$0.9	$0.0	$33.1
December 31, 2023	$600.0	$520.8	$45.7	$0.9	$0.0	$32.6
November 30, 2023	$565.9	$486.8	$46.6	$0.8	$0.0	$31.7
October 31, 2023	$514.0	$435.9	$46.0	$0.8	$0.0	$31.3

1	Preliminary – subject to adjustment.
2	Passive AUM includes index-based ETF's, UIT's, non-fee earning leverage, foreign exchange overlays and other passive mandates.  Active AUM are total AUM less passive AUM.

 

About Invesco Ltd.

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.

Category: AUM

Investor Relations Contacts:	Greg Ketron            404-724-4299
	Jennifer Church      404-439-3428
Media Relations Contact:	Andrea Raphael      212-323-4202

 

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SOURCE Invesco Ltd.

FAQ

What was Invesco Ltd.'s (IVZ) month-end assets under management (AUM) in January 2024?

In January 2024, Invesco Ltd.'s AUM was $1,583.9 billion.

How much were the net long-term inflows for Invesco Ltd. (IVZ) in January?

In January, Invesco Ltd. reported net long-term inflows of $1.7 billion.

What factors negatively impacted Invesco Ltd.'s (IVZ) AUM in January?

Invesco Ltd.'s AUM was negatively impacted by unfavorable market returns which decreased AUM by $3 billion and FX fluctuations which decreased AUM by $4.4 billion.

What was the total AUM for Invesco Ltd. (IVZ) for the quarter through January 31?

The total AUM for Invesco Ltd. for the quarter through January 31 was $1,579.4 billion.