IVZ's December AUM Rises on Inflows Despite Weak Markets, Stock Down

Core Viewpoint - Invesco's preliminary assets under management (AUM) reached $2.17 trillion in December 2025, marking a 0.7% increase from the previous month despite a decline in share price due to broader market performance [1][8] AUM Performance - Invesco reported net long-term inflows of $7.7 billion for December, with non-management fee-earning net inflows at $6.1 billion and money market net inflows at $0.7 billion [2] - The AUM was negatively impacted by unfavorable market returns, which decreased AUM by $23 billion, while foreign exchange (FX) and reinvested distributions contributed an increase of $25.4 billion [3][8] - The preliminary average total AUM for the quarter ended December 31 was $2.16 trillion, with preliminary average active AUM at $1.12 trillion [3] Breakdown by Asset Class - As of December 2025, Invesco's AUM in ETFs & Index Strategies was $630.2 billion, up 0.4% from the prior month, and Fundamental Fixed Income AUM rose 0.6% to $311.5 billion [4] - AUM under China joint venture grew by 5.4% to $132.5 billion, while Multi-Asset/Other AUM increased by 1.5% to $69.7 billion [5] - QQQ's AUM was $407.2 billion, up 1% from the previous month, while Fundamental Equities AUM declined 0.3% to $298.4 billion, and Global Liquidity AUM fell 0.3% to $189.7 billion [5] Strategic Outlook - Invesco's strategic expansion plans, strong global presence, diverse offerings, and efforts to boost operating efficiency are expected to support financial performance [6] - The reclassification of QQQ into an open-end ETF and the divestiture of a majority stake in the India business to form a joint venture are anticipated to drive revenue growth [6] - However, volatile flows and high levels of intangible assets are noted as ongoing concerns [6] Market Performance - Over the past three months, Invesco's shares have gained 19.9%, significantly outperforming the industry's increase of 2.2% [7]