On January 31, 2018, Invesco Limited (IVZ) reported its total assets under management (or AUM) of $972.6 billion, which represented a rise compared to its December 2017 level. This increase resulted from upward momentum in the markets as well as an increased money market AUM. However, inflows with respect to non-management fee-earning AUM, net long-term inflows, and foreign exchange also contributed.
On February 28, 2018, Invesco’s total AUM totaled $945.4 billion, which represents a decline compared to January 2018. This trend resulted from outflows with respect to non-management fee-earning AUM as well as foreign exchange.
However, net long-term outflows, as well as the weaker performance of the markets, also contributed to these numbers. Of the $945.4 billion of AUM, equity AUM totaled $432.3 billion, which represents a decline from January 2018.
Impacts moving forward
Moving forward, Invesco’s 1Q18 results and its AUM could be negatively impacted by the global tensions resulting from trade war tensions. The expectations about the rate increase by the Federal Reserve in the March 2018 meeting—which were realized—resulted in the month’s outflows from the equity markets. This would also negatively impact the company’s 1Q18 results.
Announcements regarding an interest rate increase by the Federal Reserve negatively impact the equity markets. Other asset managers (XLF) such as Franklin Resources (BEN), T. Rowe Price Group (TROW), and State Street Corporation (STT) are expected to experience a negative impact on their results for the quarter ended March 2018.
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