Amvescap AUM Rise to $419 Billion
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Tuesday, May 09, 2006

Amvescap AUM Rise to $419 Billion

Assets under management for global investment company Amvescap rose almost 2 percent in the month of April, from $410.9 billion to $419.0 billion, the company reported Tuesday.

The firm's AUM figures have shown consistent growth since the beginning of this year, when Amvescap began releasing AUM data on a monthly rather than quarterly basis. A company spokesperson said that more frequent reporting is intended to increase transparency, but Amvescap will continue to issue commentary on a quarterly basis only.

Last month, the company reported that first quarter profits in 2006 were up 55 percent from the first quarter in 2005. Officials attributed the leap to increased efficiency and trimmed expenses.

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