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Invesco AUM rises 2% in October to $2.167 trillion

Corrects timeline for AUM in Key Details to October-end from Q4, clarifies that AUM is preliminary headline and Overview, and that the figure is a month-on-month change

Overview

Invesco's preliminary AUM rose 2% month-on-month in October to $2.167 trillion, driven by market returns and inflows

Net long-term inflows for October were $8 bln, with money market inflows at $11.1 bln

Sale of India business reduced AUM by $15.6 bln, FX decreased AUM by $6.2 bln

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

MARKET RETURNS - Favorable market returns increased AUM by $38 bln

NET INFLOWS - Co reported net long-term inflows of $8 bln and money market inflows of $11.1 bln

INDIA BUSINESS SALE - Sale of India business reduced AUM by $15.6 bln

Key Details

MetricBeat/MissActualConsensus Estimate
OCT-END ASSETS UNDER MANAGEMENT$2.17 trln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell" The average consensus recommendation for the investment management & fund operators peer group is "buy." Wall Street's median 12-month price target for Invesco Ltd is $26.00, about 9.1% above its November 10 closing price of $23.64 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nPn9MrYN3a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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