How does Invesco’s current AUM level compare with its main competitors in the asset‑management space?

Fundamental comparison

Invesco’s preliminary month‑end AUM of $2.02 trillion (July 31, 2025) places it well behind the “big‑three” global managers. As of the same date the industry leaders reported roughly:

Thus, Invesco sits in the fourth‑to‑fifth tier of the market‑cap hierarchy—about 20‑30 % of the size of the nearest public peer (State Street) and ≈10 % of the top two houses. The firm’s 1.2 % month‑over‑month AUM growth and net inflows of $5.8 bn show it is still expanding, but the scale gap means it is more sensitive to relative outflows and fee‑compression pressures than the larger, more diversified rivals.

Trading implications

• Relative valuation edge: Because Invesco trades on a much smaller asset base, its earnings are more tightly linked to AUM trends. The recent inflow streak could translate into a short‑term earnings bump that the market may under‑price relative to peers—potentially a buy‑on‑dip if the stock’s price‑to‑earnings multiple is below the sector average.
• Risk considerations: The modest AUM size also implies higher volatility to client redemptions, especially in a tightening credit environment. A sustained outflow scenario would compress fee income faster than for BlackRock or Vanguard, so a stop‑loss around 5‑7 % downside from current levels would be prudent.
• Positioning: For a portfolio seeking exposure to mid‑cap asset‑management, Invesco offers growth upside with less market‑cap drag than the mega‑managers. A moderate long position (10‑15 % of the sector allocation) can capture the upside from AUM growth while keeping risk limited if the sector faces a broader pull‑back.