2023-04-12 16:35:14 ET
- Invesco ( NYSE: IVZ ) turned in assets under management of $1.48T at the end of March, up from $1.46B at end-February, the company said Wednesday.
- Driving the M/M increase was favorable market returns boosting AUM by $22B, and foreign exchange increased AUM by $4.0B.
- Equity AUM of $695.7B climbed 3.4% from the prior month; fixed income AUM of $321.8B rose 2%; balanced AUM of $67.9B edged up 0.4%; and money market AUM of $211.5B dipped 1.6%.
- On March 29, IVZ was upgraded to Neutral at Credit Suisse on limited downside.
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Invesco AUM gains 1.7% in March, helped by equity, fixed income