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Investment manager AUMs hold steady

Invesco, Virtus Investment Partners, and AllianceBernstein have all unveiled their current assets under management (AUM).

The announcements, made separately, revealed that Invesco and AllianceBernstein saw modest month-on-month increases of 3.1% and 0.9%, respectively.

Virtus Investment Partners, however, saw a slight dip, with its AUM dropping 0.4% between April and May.

Total AUM for each company was $1,505.1bn for Invesco, $175.546bn for Virtus, and $731bn for AllianceBernstein.

Invesco’s AUM announcement follows the 27 April release of its Q1 results, which saw a 4.0% rise in AUM.

At the time, Marty Flanagan, president and chief executive of the firm, said that the year had gotten off to a “strong start”.

Invesco in Recent Days

Invesco has been in the news a lot recently. In the last few days, it was revealed that the firm was planning to launch two cryptocurrency-focused ETFs called the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF. At the same time, Invesco Mortgage Capital, a Reit of the firm, saw its stock rise 17% to reach its highest point in a year.

Conversely, the firm’s Invesco Global Targeted Returns fund saw two of its managers standing down, following the fund’s performance that ‘lagged its index’ and was down 3.6% year-to-date.

Other AUM Announcements

Other firms announcing their latest AUMs were Artisan Partners Asset Management and Franklin Templeton of $172.916bn and $1,543.5bn, respectively.

Surprisingly, Franklin Templeton had seen its AUM reach that latter figure, just 13 months after reporting a much-lower AUM of $617.6bn. This increase, the company said, includes $797bn from its acquisition in July 2020 of Legg Mason.

As reported by Expert Investor at the time, Franklin Templeton said combining with Legg Mason will “significantly deepen [the company’s] presence in key geographies and create an expansive investment platform that is well balanced between institutional and retail client AUM”. The company also predicted at the time that the merger would bring it cost savings of $200m a year.