2023-03-09 17:44:50 ET
- Invesco ( NYSE: IVZ ) said Thursday its preliminary assets under management shrank 1.7% M/M to ~$1.46B at February-end, hurt by unfavorable market returns, which decreased AUM by $22B.
- Meanwhile, forex decreased AUM by $7.7B.
- Net long-term inflows during the month totaled $2.6B, with non-management fee earning net inflows at $1.8B and money market net inflows at $0.9B.
- Preliminary average total AUM for the quarter through February 28 totaled ~$1.47B.
- Equity AUM of $673.1B at the end of February vs. $685.4B at January-end.
- Fixed income AUM of $315.6B at month-end vs. $320.8B at January-end.
- Earlier, Invesco's ( IVZ ) AUM climbed 5.2% in January as markets bounced up .
For further details see:
Invesco AUM down 1.7% in February hurt by unfavorable market returns