Invesco Ltd

IVZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Lhtcvw	Glztgjh

US-Based Asset Managers: Equity Market Rally Erased Margin of Safety Needed to Consider the Group

Greggory Warren

Feb 23, 2024

All the US-based asset managers we cover have reported their December-quarter earnings, and in some cases revealed assets under management, or AUM, data for January 2024. We now have a better sense of how recent market activity has been affecting results. In our third-quarter earnings wrap, we had assumed that the malaise that had crept into the markets during August-October 2023 might continue through the rest of the year.

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