- Invesco ( NYSE: IVZ ) said Tuesday that its preliminary assets under management of $1.39T in June fell from $1.45T in May, driven by "unfavorable market returns" and broad price volatility.
- The asset manager experienced net long-term outflows of $3.9B in June.
- Equity AUM was $644.8B in June compared with $705.4B in the prior month.
- Fixed income AUM of $309.1B also decreased from $315.1B in May.
- As the Fed influences the short-end of the yield curve via interest rate hikes, Invesco's ( IVZ ) money market AUM of $164.0B in June rose from $149.1B in May.
- And alternatives AUM was $199.6B in June, down from $207.0B in the previous month.
- Previously, (June 9) Invesco posted AUM of $1.45T for May .
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Invesco assets under management dip to $1.39T in June amid market volatility