Invesco's August AUM Balance Rises on Favorable Markets, Inflows

Group 1: Invesco's AUM Performance - Invesco's preliminary assets under management (AUM) for August 2024 reached $1.75 trillion, reflecting a 1.1% increase from the previous month [1] - The company reported net long-term inflows of$ 2.4 billion in August, with non-management fee-earning net inflows of $0.9 billion and money market net outflows of$ 6.4 billion [1] - Solid market returns contributed $16 billion to AUM, while foreign exchange (FX) effects added$ 7.3 billion [1] - The average total AUM for the quarter through August 31 was $1.73 trillion, with average active AUM at$ 1 trillion [1] Group 2: AUM Breakdown by Asset Class - AUM under ETFs & Index Strategies was $444.2 billion, up 2.9% from the previous month [2] - Fundamental Fixed Income AUM grew 2.1% to$ 284.6 billion, while Fundamental Equities AUM increased 1.1% to $275.2 billion [2] - Private Markets AUM rose slightly to$ 129.6 billion, and Multi-Asset/Other AUM increased 2.1% to $62.8 billion [2] - Global Liquidity AUM decreased by 4% to$ 159.5 billion, while QQQs AUM rose 1.2% to $285 billion [2] Group 3: Market Context and Company Outlook - Macroeconomic headwinds are causing volatility in asset flows, which may impact Invesco's top line in the near term [3] - The company benefits from synergies from buyouts, diverse product offerings, alternative investment strategies, and a solid AUM balance [3] - In the past three months, Invesco's shares have increased by 6.5%, outperforming the industry average of 3.8% [3] Group 4: Competitive Landscape - Cohen & Steers, Inc. reported a preliminary AUM of$ 88.1 billion, a 4.1% increase from the prior month, driven by market appreciation and net inflows [5] - Franklin Resources, Inc. reported a preliminary month-end AUM of $1.68 trillion, marking a 1.1% rise, influenced by favorable markets but partially offset by long-term net outflows [5]