Upbeat Markets and Inflows Drive 2% Gain in Invesco's (IVZ) March AUM

March 2024 Assets Under Management (AUM) estimates have been released by Invesco IVZ. At $1.66 trillion as of the end of the month, the firm's AUM was up 2% from the prior month.  

March saw $2.8 billion in net inflows from IVZ. Net inflows of $1.8 billion did not come from management fees, while net outflows of $1.5 billion were from the money market.  

Furthermore, Invesco's AUM was enhanced by $29 billion due to excellent market returns. Yet, a $1.1 billion impact from foreign exchange impacted the AUM balance. For the quarter ending March 31, Invesco's total AUM was $1.61 trillion, with an average active AUM of $981 billion.  

With a 3.4% increase from February, IVZ's equity AUM reached $901.9 billion by the month's conclusion. Additionally, there was a 0.5% sequential growth in the $326.8 billion Fixed Income AUM.

March's $62 billion in Balanced AUM for Invesco was up 1% from the end of February 2024. At $178.8B, the Alternatives AUM rose 0.6%. Having said that, money market assets under management fell 0.8% from the previous month's conclusion, reaching $193.2 billion.  

A combination of a challenging operating environment and multiple macroeconomic challenges has been causing net flows to trend erratically, which can have a negative impact on Invesco's top line in the near future. The firm's worldwide reach, various product offerings, alternative investment techniques, synergies from acquisitions, and healthy AUM balance will certainly continue to help it succeed.  

Market Dynamics On March 31, 2024, Cohen & Steers, Inc. (CNS) announced an initial asset valuation of $81.2 billion. This represented an increase of 2% compared to the previous month. A combination of $1.7 billion in market appreciation, $183 million in net inflows, and $298 million in payouts drove the gain.  

Preliminary month-end AUM as of Mar 31, 2024 was $1.64 trillion, according to Franklin Resources, Inc. BEN. This represented a rise of 1.2% compared to the previous month. Benefits from the market and net inflows over the long term, including $8.1 billion from Great-West Lifeco, pushed up BEN's AUM balance.  

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