Asset managers' AUM surges despite inflation-driven market shifts
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In April, nine major U.S. asset managers reported a 6.3% increase in total assets under management (AUM), reaching $7.11 trillion, with Invesco leading the gains. The rise in AUM was influenced by a year-over-year CPI increase of 3.8%, which lifted Treasury yields and boosted inflows into tech and energy ETFs, while financials experienced outflows. Additionally, international, speculative tech, and commodity-linked equities outperformed the S&P 500, with leveraged ETFs related to AI and memory chips seeing significant surges.
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