Invesco Ltd. Announces June 30, 2024 Assets Under Management

Rhea-AI Summary

Invesco (NYSE: IVZ) reported preliminary assets under management (AUM) of $1,715.8 billion as of June 30, 2024, marking a 1.7% increase from the previous month. The firm achieved net long-term inflows of $6.5 billion, alongside non-management fee earning inflows of $0.2 billion. However, money market net outflows were $1.9 billion. Favorable market returns boosted AUM by $24 billion, while FX movements reduced it by $2.4 billion. Reinvested distributions contributed an additional $1.3 billion. Preliminary average total AUM for Q2 stood at $1,669.3 billion, with average active AUM at $994.6 billion.

Segment-wise, ETFs and Index Strategies AUM reached $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, and QQQ $286.6 billion.

Positive

• AUM increased by 1.7% month-over-month to $1,715.8 billion.
• Net long-term inflows of $6.5 billion.
• Favorable market returns increased AUM by $24 billion.
• Average total AUM for Q2 reached $1,669.3 billion.

Negative

• FX movements reduced AUM by $2.4 billion.
• Money market net outflows of $1.9 billion.

Insights

Financial Analyst

Invesco Ltd.'s latest report sheds light on its June 30, 2024 AUM, which has seen a 1.7% increase compared to the previous month. This uptick, driven primarily by net long-term inflows of $6.5 billion and favorable market returns of $24 billion, paints a positive picture of the company's asset management performance.

From a financial perspective, net long-term inflows serve as a vital indicator of an investment firm's health. Notably, Invesco's ability to attract $6.5 billion in such inflows suggests robust investor confidence and successful fund strategies. It also indicates that the firm is effectively capitalizing on market opportunities.

However, the money market net outflows of $1.9 billion warrant closer attention. While these outflows are relatively small compared to total AUM, they might reflect a shift in investor sentiment or the appeal of alternative liquidity solutions. Additionally, FX movements resulted in a $2.4 billion reduction in AUM, a reminder of the vulnerabilities international firms face concerning currency fluctuations.

For retail investors, understanding the broader implications of these figures is paramount. Invesco's AUM growth, despite minor setbacks like FX movements and money market outflows, underscores a strong overall performance and a strategic win in managing investor assets. Monitoring future reports for consistency in these inflow trends will be important for assessing long-term growth.

Market Research Analyst

The breakdown of Invesco's Asset Under Management (AUM) provides deeper insights into the company's strategic operations. Notably, the ETFs & Index Strategies segment saw an increase from $405.6 billion to $415.1 billion. This segment is critical as ETFs have become increasingly popular for their cost-efficiency and diversification benefits.

Furthermore, the Fundamental Fixed Income and Fundamental Equities segments also reported stable performance, which is vital during periods of market volatility as these assets provide stability and growth potential. The slight uptick in Private Markets from $127.7 billion to $129.1 billion may indicate a strategic push into higher-yielding asset classes, which can diversify risk and enhance returns.

Retail investors should note the performance consistency across various asset classes, which underscores Invesco's diversified portfolio strategy. This strategy can mitigate risks associated with market volatility, providing a balanced approach to growth. The incremental increases across segments highlight Invesco's ability to adapt and capture value across different markets and asset types.

ATLANTA, July 10, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,715.8 billion, an increase of 1.7% versus previous month-end. The firm delivered net long-term inflows of $6.5 billion in the month. Non-management fee earning net inflows were $0.2 billion and money market net outflows were $1.9 billion. AUM was positively impacted by favorable market returns which increased AUM by $24 billion. FX movements in the month reduced AUM by $2.4 billion which was partially offset by reinvested distributions of $1.3 billion. Preliminary average total AUM for the quarter through June 30 were $1,669.3 billion, and preliminary average active AUM for the quarter through June 30 were $994.6 billion.

Total Assets Under Management
(in billions)	Total	ETFs & Index Strategies	Fundamental Fixed Income	Fundamental Equities	Private Markets	APAC Managed	Multi- Asset/Other	Global Liquidity	QQQ
June 30, 20241	$1,715.8	$415.1	$272.6	$268.8	$129.1	$112.4	$59.6	$171.6	$286.6
May 31, 2024	$1,687.7	$405.6	$271.5	$268.3	$127.7	$111.5	$60.0	$173.0	$270.1
April 30, 2024	$1,625.2	$386.2	$269.2	$261.8	$125.9	$109.6	$58.7	$165.4	$248.4
March 31, 2024	$1,662.7	$398.3	$272.3	$273.6	$127.1	$107.1	$60.2	$164.8	$259.3

1 Preliminary – subject to adjustment.

 

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's AUM as of June 30, 2024?

Invesco's assets under management (AUM) as of June 30, 2024, were $1,715.8 billion.

How much did Invesco's AUM increase in June 2024?

Invesco's AUM increased by 1.7% in June 2024.

What were Invesco's net long-term inflows for June 2024?

Invesco reported net long-term inflows of $6.5 billion for June 2024.

How did FX movements affect Invesco's AUM in June 2024?

FX movements reduced Invesco's AUM by $2.4 billion in June 2024.

What were the money market net outflows for Invesco in June 2024?

Money market net outflows for Invesco in June 2024 were $1.9 billion.

What was the preliminary average total AUM for Invesco in Q2 2024?

The preliminary average total AUM for Invesco in Q2 2024 was $1,669.3 billion.

What was Invesco's preliminary average active AUM for Q2 2024?

Invesco's preliminary average active AUM for Q2 2024 was $994.6 billion.