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Invesco reports slight dip in January assets under management

Published 12/02/2024, 22:28
© Reuters.

ATLANTA - Invesco Ltd. (NYSE:IVZ), a global investment management firm, saw its assets under management (AUM) marginally decline by 0.1% to $1,583.9 billion at the end of January from $1,585.3 billion at the end of December, according the company.

Invesco experienced net long-term inflows of $1.7 billion for the month. However, these were offset by $1.3 billion in money market net outflows, alongside negative market returns which reduced AUM by $3 billion. Additionally, foreign exchange rate fluctuations further decreased AUM by $4.4 billion.

Despite these outflows, Invesco reported non-management fee earning net inflows of $5.8 billion. Preliminary average total AUM for the quarter through January 31 stood at $1,579.4 billion, with preliminary average active AUM at $973.0 billion.

Breaking down the January AUM figures, equity assets totaled $830.8 billion, fixed income assets were $324.0 billion, balanced assets amounted to $59.5 billion, money market assets stood at $191.2 billion, and alternative assets were $178.4 billion.

Comparing active and passive management, active AUM at the end of January reached $971.2 billion, with equity, fixed income, balanced, money market, and alternative assets constituting this segment. Passive AUM, which includes index-based ETFs and other mandates, totaled $612.7 billion.

Invesco Ltd. is known for offering a wide range of active, passive, and alternative investment capabilities. The company operates in over 20 countries, aiming to provide investment experiences that help people achieve more in life.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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