Invesco, Franklin Templeton see November AUM rise

AP News
Posted: Dec 09, 2009 3:41 PM

Invesco Ltd. said Wednesday assets under management climbed in November to $418.8 billion from $414.2 billion in October.

The increase came despite a drop in institutional money market assets to $81.1 billion from $82.6 billion.

The figures are as of Nov. 30.

The Atlanta-based company provides asset management services for retail, institutional and high net worth clients, operating in 20 countries.

Its shares rose 40 cents, or nearly 2 percent, to $21.48 in late trading.

Another asset manager, Franklin Resources Inc. said assets under management rose to $539.7 billion as of Nov. 30, from $532.1 billion in October.

The San Mateo, Calif.-based company widely known as Franklin Templeton Investments saw increases in equity and fixed income funds.

Its cash management accounts, which include money market funds and similar foreign funds, slid to $6.7 billion from $6.9 billion

Its shares rose $1.67, or 1.7 percent, to $108.26.