Invesco Still a Buy

Invesco, Ltd. (NYSE: IVZ) reported lower AUM at August's month-end of -1.5% to $502.1B., according to Deutsche Bank.

Credit markets are positive, and management cited long-term positive growth that see strength in fixed income and increasing value, albeit slowly, of money market assets, Deutsche Bank reports.

Invesco's acquisition of Concord Capital, an Australian equity manager, has added $3.1B in equity for AUM in the month of August.

Deutsche Bank maintains its Buy rating and $24 price target.

Invesco, Ltd. closed Friday at $19.86.

See Some of the Top Moving Indexes Here.