Invesco AUM Falls More than 14% in One Quarter, as Gains in AUM are in Low-Fee Money Market Funds
Posted on 04/23/2020
Money manager giant Invesco Ltd. had total net outflows of US$ 2.1 billion and long-term net outflows of US$ 19.1 billion for the first quarter of 2020. Active management is a larger fee generator for asset managers. For Invesco, they got hammered on active management outflows for the first quarter of 2020. Invesco saw positive flows of US$ 26.3 billion into low-fee institutional money market funds during the quarter as investors shifted into lower risk assets. Invesco’s AUM fell 14.1% from December 2019 (US$ 1.2262 trillion) to March, 31, 2020 (US$ 1.0534 trillion).
Invesco AUM Data
| Summary of net flows (in billions USD) | March 2020 | December 2019 | March 2019 |
|---|---|---|---|
| Active | -20.6 | -16.2 | -9.3 |
| Passive | 1.5 | 2.2 | 3.9 |
| Long-term net flows | -19.1 | -14 | -5.4 |
| Non-management fee earning AUM | -9.3 | 0.7 | 2.1 |
| Institutional money market | 26.3 | -7.1 | 6.8 |
| Total net flows | -2.1 | -20.4 | 3.5 |
| Annualized long-term organic growth rate (1) | -8.0% | -5.7% | -2.9% |
