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Behind Invesco’s Strong 2017 Results



Net flows

According to Invesco Limited (IVZ) management, in 2017, the company saw long-term net flows amounting to $11.5 billion. During the same period, the company posted earnings per share (or EPS) amounting to $2.75. In 2018, the management expects to beat its competitors by improving client satisfaction and product offerings. The company also plans to focus on delivering value.

Invesco improved its adjusted operating income from $1,312.8 million in 2016 to $1,480.2 million in 2017, which reflected a rise of 12.8%.

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Assets under management

Invesco’s total assets under management (or AUM) as of December 31, 2017, stood at $937.6 billion. Compared to the total AUM as of December 31, 2016, the rise was $124.7 billion. In 4Q17, the company witnessed long-term inflows amounting to $4.4 billion of which active AUM was $3.6 billion and passive AUM stood at $0.8 billion.

In 4Q17, Invesco saw $2.7 billion of total net inflows. During the same period, non-management fee earning AUM stood at $1.6 billion, while the company witnessed outflows of $3.3 billion from institutional money markets.

The dividend yield of Invesco stood at 3.5% on an LTM (last-12-month) basis. Peers (XLF) WisdomTree Investments (WETF), Raymond James Financial (RJF), and Lazard (LAZ) have yields of 3.1%, 0.95%, and 5.1%, respectively, on an LTM basis.


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