Invesco’s AUM falls on September outflows and market losses (NYSE: IVZ)

What happened

On October 9, 2026, Invesco Ltd. (NYSE: IVZ) said preliminary month-end AUM fell 0.9% to $2,537.8 billion.

Net long-term outflows were $1.1 billion in the month. Money market net outflows were $5.7 billion.

AUM also fell because of unfavorable market returns, which cut AUM by $16 billion. FX movements reduced AUM by $2.7 billion, partly offset by reinvested distributions of $0.9 billion.

Preliminary average total AUM for the quarter through September 30 was $2,510.2 billion. Preliminary average active AUM was $1,246.0 billion.

The release also included a table of total AUM across ETFs, Index Strategies, QQQ, Fundamental Fixed Income, Fundamental Equities, Private Markets, China JV, Multi-Asset, Other and Global Liquidity.

Key numbers

Metric	Latest	Change	Source
Preliminary month-end AUM	$2,537.8 billion	-0.9%	SEC 8-K press release
Net long-term outflows	$1.1 billion		SEC 8-K press release
Money market net outflows	$5.7 billion		SEC 8-K press release
AUM decreased by unfavorable market returns	$16 billion		SEC 8-K press release
FX movements reduced AUM	$2.7 billion		SEC 8-K press release
Preliminary average total AUM	$2,510.2 billion		SEC 8-K press release

Read more: Invesco (IVZ) stock analysis and investment case

Why it matters

OptimistFi's case is that Invesco works if client assets and fees stabilize while scale economics recover from recent GAAP losses.

This filing weakens that case. AUM fell and outflows continued.

Month-end AUM was $27.6 billion above the quarter's preliminary average total AUM, but the monthly trend was still lower.

The biggest monthly drags were $16 billion of unfavorable market returns and $2.7 billion of FX pressure.

Reinvested distributions added $0.9 billion, but that did not fully offset the drag.

The same release showed both long-term and money market outflows, so the pressure was not limited to one area.

Preliminary average active AUM of $1,246.0 billion shows the platform still has a large active base.

The September numbers are preliminary, so they could still change before Invesco finalizes them.

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What's next

The September figures are preliminary and subject to adjustment.

The next quarterly report is the next scheduled update.

A steadier AUM print and smaller outflows would support stabilization.

Another drop in AUM or larger outflows would weaken the case further.

For now, investors have a month-end snapshot rather than a final figure.

A final adjustment could still change the September AUM reading.

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