Invesco Ltd. Announces October 31, 2016 Assets Under Management and Accelerated Share Repurchase Program
November 09 2016 - 4:15PM
PR Newswire (US)
ATLANTA, Nov. 9, 2016 /PRNewswire/ -- Invesco Ltd. (NYSE:
IVZ) today reported preliminary month-end assets under management
(AUM) of $807.5 billion, a decrease
of 1.5% month over month. The decrease was driven by
unfavorable market returns, foreign exchange, and net long-term
outflows largely driven by redemptions from a single US subadvised
client. The decrease was partially offset by an increase in
PowerShares QQQs and money market AUM. FX decreased AUM by
$7.6 billion. Preliminary
average total AUM for the quarter through October 31st were $813.8 billion, and preliminary average active
AUM for the quarter through October
31st were $672.2
billion.
Additionally, the company has entered into an accelerated share
repurchase agreement effective November 4th,
2016 with Bank of America, N.A. to repurchase $150 million of the company's outstanding common
stock (the "ASR"). The total number of shares that the
company will repurchase under the ASR will be determined upon final
settlement based generally on the volume-weighted average price of
the company's common stock during the repurchase period.
Final settlement of the ASR is expected to occur no later than
year-end 2016.
|
Total Assets Under
Management
|
|
(in
billions)
|
Total
|
Equity
|
Fixed
Income
|
Balanced
|
Money
Market
|
Alternatives
|
|
October 31,
2016(a)
|
$807.5
|
$354.7
|
$205.8
|
$47.4
|
$78.8(b)
|
$120.8
|
|
September 30,
2016
|
$820.2
|
$365.3
|
$207.0
|
$48.9
|
$77.2
|
$121.8
|
|
August 31,
2016
|
$821.0
|
$367.0
|
$205.0
|
$48.7
|
$80.2
|
$120.1
|
|
July 31,
2016
|
$811.8
|
$366.6
|
$202.7
|
$48.3
|
$75.0
|
$119.2
|
|
Active
(c)
|
|
(in
billions)
|
Total
|
Equity
|
Fixed
Income
|
Balanced
|
Money
Market
|
Alternatives
|
|
October 31,
2016(a)
|
$664.9
|
$264.0
|
$163.2
|
$47.4
|
$78.7(b)
|
$111.6
|
|
September 30,
2016
|
$676.9
|
$273.7
|
$164.6
|
$48.9
|
$77.1
|
$112.6
|
|
August 31,
2016
|
$677.9
|
$274.6
|
$163.7
|
$48.7
|
$80.1
|
$110.8
|
|
July 31,
2016
|
$670.6
|
$274.8
|
$162.9
|
$48.3
|
$74.9
|
$109.7
|
|
Passive
(c)
|
|
(in
billions)
|
Total
|
Equity
|
Fixed
Income
|
Balanced
|
Money
Market
|
Alternatives
|
|
October 31,
2016(a)
|
$142.6
|
$90.7
|
$42.6
|
$0.0
|
$0.1(b)
|
$9.2
|
|
September 30,
2016
|
$143.3
|
$91.6
|
$42.4
|
$0.0
|
$0.1
|
$9.2
|
|
August 31,
2016
|
$143.1
|
$92.4
|
$41.3
|
$0.0
|
$0.1
|
$9.3
|
|
July 31,
2016
|
$141.2
|
$91.8
|
$39.8
|
$0.0
|
$0.1
|
$9.5
|
|
(a)
|
Preliminary – subject
to adjustment.
|
|
(b)
|
Preliminary - ending
money market AUM include $70.5 billion in institutional money
market AUM and $8.3 billion in retail money market
AUM.
|
|
(c)
|
Passive AUM include
ETF's, UIT's, non-fee earning leverage, foreign exchange overlays
and other passive mandates. Active AUM are total AUM less
passive AUM.
|
About Invesco Ltd.
Invesco is an independent
investment management firm dedicated to delivering an investment
experience that helps people get more out of life. NYSE: IVZ;
www.invesco.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/invesco-ltd-announces-october-31-2016-assets-under-management-and-accelerated-share-repurchase-program-300360086.html
SOURCE Invesco Ltd.
Copyright 2016 PR Newswire
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