In the nine months ended September 30 (or 9M17), Invesco Limited (IVZ) posted total assets under management (or AUM) of $917.5 billion out of which equity, alternatives, money market, balanced, and fixed income contributed $416.2 billion, $140.7 billion, $81.9 billion, $54.2 billion, and $224.5 billion, respectively.
In 9M17, equity saw long-term net outflows of $14 billion while other asset classes like fixed income, alternatives, balanced and money market saw long-term net inflows of $10.6 billion, $8.5 billion, $2.2 billion, and $0.2 billion, respectively. Thus, Invesco saw total long-term net inflows of $7.5 billion in the same period.
Market gains and foreign currency translations
In 9M17, Invesco’s PowerShares QQQ fund and institutional money market funds witnessed net inflows of $1 billion and $0.1 billion, respectively. During the same period, the company’s total AUM was positively impacted by the markets, resulting in gains of $51.1 billion.
Moreover, in 9M17, foreign currency translation positively impacted Invesco’s AUM, which resulted in a rise of $18.9 billion. The company’s fixed income asset class saw long-term net inflows of $10.6 billion in 9M17. Out of the total contribution towards the company’s total AUM from fixed income of $224.5 billion, $4.6 billion and $2.8 billion came from market gains and foreign currency translation, respectively.
While Invesco posted book value per share of $20.42, peers (XLF) Virtus Investment Partners (VRTS), Morgan Stanley (MS), and PNC Financial Services (PNC) posted $66.13, $38.87, and $89.09, respectively.
Next, let’s have a look at Invesco’s passive AUM.