3 Asset Manager Stocks Set to Extend Their Winning Streak in 2026

Core Insights - The asset and investment management sector has shown impressive performance in 2025, driven by strong market rebounds, record inflows, and a broad expansion in global assets under management (AUM) [1] Market Performance - Significant equity market volatility has led to increased trading activities, positively impacting companies like BlackRock, Invesco, and Affiliated Managers Group [2] - Elevated volatility has pushed investors towards active management and tactical allocation products, resulting in increased flows into active ETFs, private credit vehicles, and multi-asset strategies [4] Asset Management Growth - Global AUM has grown sharply due to market appreciation and substantial net inflows, particularly from the Asia-Pacific region and high-net-worth channels [4][5] - Demand for alternative investments remains strong, with private credit funds and diversified alternatives attracting institutional and retail interest [5] Company-Specific Insights BlackRock - As of September 30, 2025, BlackRock's total AUM reached a record $13.46 trillion, with a CAGR of 9.2% over the past five years [11] - The company expects continued momentum in AUM growth due to its focus on the iShares unit and active equity business [12] - BlackRock's revenues are projected to grow by 17.1% year-over-year in 2026, with earnings expected to increase by 12.9% [15] Invesco - Invesco's AUM was $2.1 trillion as of September 30, 2025, with a CAGR of 8.5% over the past five years [16] - The company is focusing on improving operating efficiency and has achieved $200 million in annualized net savings from the OppenheimerFunds acquisition [18] - Invesco's revenues and earnings are expected to grow by 14.5% and 32.2% year-over-year in 2026, respectively [20] Affiliated Managers Group - Affiliated Managers had total AUM of $803.6 billion as of September 30, 2025, with a shift towards alternatives reversing previous net outflows [23][24] - The company has been pivoting towards private markets and liquid alternatives, which are expected to support cash flows [25] - AMG's revenues and earnings are projected to grow by 8% and 18.9% year-over-year in 2026, respectively [27]