Rise in AUM
As of January 31, 2018, Invesco Limited (IVZ) reported total assets under management (or AUM) of $972.6 billion, a 3.7% rise compared to the total AUM as of December 31, 2017. This rise was due to strong markets, positive momentum in money market AUM as well as foreign exchange. However, non-management fee earning AUM and net-long-term inflows also contributed.
In January 2018, because of foreign exchange, Invesco’s total AUM rose to $8.8 billion. Of the total AUM as of January 2018, the equity asset class contributed $453.3 billion.
Active and passive AUM
As of January 2018, Invesco’s active AUM stood at $763.1 billion, while passive AUM was $209.5 billion. Of the $763.1 billion, the contribution from the equity asset class stood at $315.3 billion, while fixed income contributed $170.5 billion. However, of the total active AUM as of January 2018, money market, balanced, and alternatives have contributed $83 billion, $60.3 billion, and $134 billion, respectively.
Of the total passive AUM as of January 2018, equity, fixed income, and alternatives have contributed $138 billion, $57.2 billion, and $14.3 billion, respectively.
Invesco has a total debt-to-enterprise value ratio of 0.34x on an LTM (last-12-month) basis, and peers (XLF) like State Street (STT), Lazard Limited (LAZ), and Raymond James Financial (RJF) have ratios of 0.28x, 0.21x, and 0.70x, respectively, on an LTM basis.