US Asset Managers:IVZ and BLK stand alone with inflows in a choppy but upwardly trending tape
UBS·2024-08-13 16:47

ab 13 August 2024 Global Research and Evidence Lab US Asset Managers IVZ and BLK stand alone with inflows in a choppy but upwardly trending tape Broad beta tailwinds partially offset by outflows, ex. IVZ & BLK July AUM reports reflected mixed markets (Nasdaq down 0.8% and S&P 500 up 1.1% in July), but total AUM higher across the board. Highlights: 1. IVZ reported robust inflows in July (+10.8bn),primarilyinequities(+10.8bn), primarily in equities (+7.4bn) and fixed income (+$2.2bn). This has become a positive trend for the firm with ...