- Invesco ( NYSE: IVZ ) said Tuesday its preliminary assets under management for December drifted down 2.0% to $1.41T from a month ago, citing negative market returns and net outflows.
- The firm saw net long-term outflows of $3.4B for the month ended Dec. 31, 2022. Non-management fee earning net outflows totaled $3.8B and money market net inflows came in at $12.5B.
- Nevertheless, foreign exchange and reinvested distributions boosted AUM by $18.3B.
- AUM M/M percentage change by segment:
- Equity slid 5.9% to $637.0B; Fixed Income ticked up 0.6% to $313.7B; Balanced slipped 0.3% to $67.1B; Money Market jumped 7%; and Alternatives retreated 2.1%.
- On Tuesday, UBS downgraded Invesco to Neutral as stock fairly valued, earnings upside likely limited.
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Invesco December AUM slips 2% on disappointing market returns