Tue, Nov. 10, 4:44 PM
Mon, Nov. 9, 10:57 AM
- U.S.-listed ETFs and ETPs have brought in a record $174.8B in net new assets this year as of the end of October (beating the previous record in 2013 by 12.4%), according to ETFGI. October's net inflows of $28.4B marked the ninth consecutive month of gains.
- For ETFs and ETPs listed globally, net inflows through the end of October of $287.3B are up 22.3% over the same period in 2014.
- Year-to-date, BlackRock's (NYSE:BLK) iShares had the most net inflows with $72.3B, followed by Vanguard at $60B, and WisdomTree (NASDAQ:WETF) at $19.4B. Schwab (NYSE:SCHW) ETFs brought in $11B.
- In October, iShares also led the way, with Vanguard second. In third place were SPDR (NYSE:STT) ETFs, and in fourth Invesco's (NYSE:IVZ) PowerShares.
Thu, Oct. 29, 2:47 PM
- Q3 adjusted operating income of $373.4M or $0.61 per share vs. $381.9M and $0.64 one year ago.
- Ending AUM of $755.8B down 5.9% Q/Q, down 4.3% Y/Y.
- Active net outflows of $1.6B vs. $5.4B inflow in Q2, $6B inflow a year ago. Passive net outflows of $2.3B vs. $500M inflow in Q2. The $42B PowerShares QQQ saw $900M in net outflows vs. $300M of outflows in Q2. Total net outflows for the quarter were $6.3B vs. $3B of net inflows in Q2, and $2M inflows a year ago.
- Previously: Invesco misses by $0.01, misses on revenue (Oct. 29)
- IVZ -4.25%
Thu, Oct. 29, 7:21 AM
Wed, Oct. 28, 5:30 PM
- ABC, ABMD, AET, ALKS, ALLE, ALLT, ALLY, ALU, ALXN, AMT, APD, AVT, AVY, AWI, BANC, BBW, BC, BG, BLL, BWA, BWEN, BXLT, CCE, CHTR, CLF, CME, CMS, COP, CRI, CRR, CSH, CVE, CVI, CVRR, DBD, DFT, DIN, DLPH, EME, EPD, EXAS, EXLS, FCN, FIG, FMS, GCI, GG, GLOP, GLPI, GNC, GOV, GT, GTLS, GTXI, HAR, HEES, HST, HTWR, I, IDA, IMS, INGR, IQNT, IRDM, IVZ, JAH, JCI, KEM, KERX, LDOS, LKQ, LLL, LPLA, MA, MCK, MD, MDP, MDXG, MGM, MMYT, MO, MPC, MPLX, MSCI, MTH, MTRN, MWW, NEO, NICE, NOK, NTCT, NVO, NYT, OAK, ODFL, OFC, OSK, PAG, PBI, PES, PF, PNK, POT, PPL, PX, RDS.A, RFP, RGS, RTIX, RYAM, SABR, SAN, SC, SCG, SHOO, SHW, SMP, SNE, SNMX, STM, TDY, TEVA, TFX, THRM, TPX, TWC, UAN, UBSI, UPL, VA, VICL, WRLD, WST, WWE, XEL, XYL, ZBH
Thu, Oct. 22, 10:18 AM
- Perhaps the bad news is priced in as sluggish earnings from Franklin Resources (up 4.6%), Janus Capital (JNS +4.3%), and T. Rowe Price (TROW +4.8%) are bought.
- BlackRock (BLK +2.5%), Legg Mason (LM +3.7%), Calamos (CLMS +2.8%), Invesco (IVZ +3.7%), Affiliated Managers (AMG +3.2%), Federated Investors (FII +2.2%), Waddell & Reed (WDR +2.3%), Artisan Partners (APAM +2.9%), Eaton Vance (EV +3.3%). The biggest mover of all today is ETF provider WisdomTree (WETF +7.8%).
- Previously: So bad it's good - Franklin Resources jumps after lame results (Oct. 22)
- Previously: AUM and earnings down at T. Rowe Price (Oct. 22)
- Previously: Assets and earnings slip at Janus (Oct. 22)
Mon, Oct. 12, 4:54 PM| Mon, Oct. 12, 4:54 PM | Comment!
Mon, Oct. 12, 11:54 AM
- BAML's Savita Subramanian figures more than 41% of active managers are beating their benchmarks this year vs. only 19% who did so in 2014. At this pace, mutual funds are on track for their best relative performance since 2009.
- It's possibly some welcome news for shops like Legg Mason (LM), Gamco (GBL +0.2%), Janus (JNS -1.1%), Invesco (IVZ -0.7%), T. Rowe Price (TROW -2%), and AllianceBernstein (AB -1.8%), at least some of whom have been losing AUM to ETFs.
Mon, Oct. 12, 10:31 AM
- Organic growth should be lackluster at best for the asset management names, says analyst Robert Lee, but Invesco (IVZ -0.9%) should be at the top of that growth list as investments in new products and distribution begin to pay off. The stock is his top pick in the sector.
- To help counter general sector weakness, investors may want to consider shorting Janus (JNS -0.5%) as that company's stock trades a potentially unjustifiable valuation premium.
- Also from KBW, AllianceBernstein (AB -1.8%) is cut to Market Perform from Outperform.
Wed, Sep. 9, 4:12 PM
- IVZ August 31 AUM of $776.4B slipped from $806.7B one month earlier, a combination of market losses, FX, and outflows from both money market funds and the PowerShares QQQs.
- Equity AUM of $369.6B vs. $396.5B, with active equity AUM of $283.8B vs. $304.4B and passive equity AUM of $85.8B vs. $92.1B.
- Fixed income AUM of $185.8B vs. $187.9B
- Money market AUM of $68.5B vs. $69.9B.
- Source: Press Release
Tue, Aug. 11, 4:46 PM
- Invesco (NYSE:IVZ) end-of-July total AUM of $806.7B vs. $803.6B a month earlier. Active total AUM of $663.3B vs. $662B. Passive of $143.4B vs. $141.6B.
- Equity AUM of $396.5B vs. $394.7B. Active equity AUM of $304.4B vs. $305.3B. Passive of $92.1B vs. $89.4B.
- Fixed income AUM of $187.9B vs. $187.5B. Active of $146.8B vs. $146.3B. Passive of $41.1B vs. $41.2B.
- Source: Press Release
Thu, Jul. 30, 8:38 AM
Mon, Jul. 13, 4:32 PM| Mon, Jul. 13, 4:32 PM | Comment!
Wed, Jun. 17, 7:58 AM
- Expecting a pickup in deal activity to boost profit growth at Affiliated Managers (NYSE:AMG), Citi names the stock its top pick among traditional asset managers for H2. AMG replaces Invesco (NYSE:IVZ), through Citi retains a Buy rating on that stock as well.
- Invesco is flat YTD, AMG is ahead by 5.5%.
Mon, Jun. 8, 2:41 PM
- Mid-teens asset growth will continue for ETFs over the coming years, says Goldman Sachs, citing growth in ETF-favoring RIAs, 401(k) rollovers, increasing use of auto-allocation products (robo-advisors), regulatory push into lower-cost products, geographic expansion, and innovation.
- Areas in ETFs with the fastest growth rates and biggest potential include those located outside the U.S., fixed-income - which has only half the share of assets relative to mutual funds as equity ETFs have - and smart beta, which has seen 30% organic growth over the last three years.
- Stocks of interest include: BlackRock (NYSE:BLK), Invesco (NYSE:IVZ), and WisdomTree (NASDAQ:WETF).
- Source: The Reformed Broker
Mon, Jun. 8, 9:56 AM
- Artisan Partners Asset Management (APAM +3.2%) is started at Conviction Buy with $53 price target at Goldman Sachs. Rated at Buy are Affiliated Managers Group (AMG -0.2%), BlackRock (BLK -0.1%), and Janus Capital (JNS -2.3%).
- Initiated with a Sell rating is Franklin Resources (BEN -0.7%).
- Started at Neutral are Fifth Street Asset Management (FSAM -0.9%), Invesco (IVZ +0.9%), Medley Management (MDLY -0.8%), Virtus Investment (VRTS -2.1%), and WisdomTree (WETF -0.9%).
Invesco Ltd is an investment management company operating in more than 20 countries. It provides retail and institutional clients with an array of investment management capabilities. It has presence in the institutional and retail markets.
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