Invesco's April AUM Dips Marginally on Weak Markets, Outflows

Core Viewpoint - Invesco reported a decline in assets under management (AUM) for April 2025, influenced by net outflows and weak market returns, despite some positive contributions from foreign exchange [1][2][6]. AUM Performance - Invesco's month-end AUM for April 2025 was $1.84 trillion, a decrease of 0.3$1.82 trillion, with average active AUM at $1.03 trillion [3]. Net Inflows and Outflows - The company experienced net long-term inflows of$1.3 billion in April, but faced non-management fee-earning net outflows of $2 billion and money market net outflows of$12.1 billion [2]. - Weak market returns led to a $1 billion decline in AUM, while foreign exchange positively impacted AUM by$9.2 billion [2]. Breakdown by Asset Class - AUM under ETFs & Index Strategies was $492.4 billion, showing a slight increase from the previous month [4]. - Fundamental Fixed Income AUM grew by 2.4$298.9 billion, while China JV & India AUM rose by 1% to $112.1 billion [4]. - Multi-Asset/Other AUM increased by 2.9$61.1 billion, and QQQs AUM rose by 0.6% to $299.1 billion [4]. - Conversely, Private Markets AUM declined by 3$127.4 billion, Fundamental Equities AUM decreased by 0.6% to $261.1 billion, and Global Liquidity AUM fell by 6.1$187.9 billion [5]. Market Context - The company faces macroeconomic headwinds leading to volatility in asset flows, which may impact its top line in the near term [6]. - In the past three months, Invesco's shares have decreased by 15.4%, compared to a 7.4% decline in the industry [6]. Peer Comparison - Franklin Resources reported a preliminary AUM of $1.53 trillion, showing a slight decrease, attributed to long-term net outflows of$10 billion [9][10]. - T. Rowe Price announced a preliminary AUM of $1.56 trillion, reflecting a marginal decrease with net outflows of$3.5 billion [10].