Invesco Ltd. IVZ announced its preliminary month-end assets under management (“AUM”) for Apr 2016. The company’s AUM came in at $783.7 billion, a rise of 1.6% from $771.5 million recorded in the prior month.The increase was driven by favorable market returns and improved money market AUM. Further, favorable impact of foreign exchange added $3.2 billion to AUM, while closure of a 100% interest in a joint venture with the Indian asset manager Religare Enterprises Limited increased it by $2.4 billion.Additionally, Invesco’s preliminary average total AUM for the quarter through Apr 30 was $781.7 billion, while preliminary average active AUM stood at $650.3 billion.At April-end, Invesco’s total Equity AUM inched down 0.3% from the prior month to $358.4 billion. However, Fixed Income AUM came in at $192.6 billion, up 3.8% from $187.1 billion at the end of Mar 2016.Additionally, Balanced AUM came in at $47.8 billion, an increase of 2.1% from $46.8 billion recorded in Mar 2016. Also, Alternatives AUM rose 2.9% from the preceding month to $112.7 billion. Further, money market AUM was recorded at $72.2 billion, up 5.2% from the preceding month.Apart from Invesco, another investment manager, Franklin Resources Inc. BEN, declared preliminary AUM of $747.1 billion by its subsidiaries for Apr 2016, a 1% rise from the prior month. Notably, Legg Mason, Inc. LM is expected to release preliminary AUM results for Apr 2016 later this week.Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is SEI Investments Co. SEIC, sporting a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INVESCO LTD (IVZ): Free Stock Analysis Report LEGG MASON INC (LM): Free Stock Analysis Report FRANKLIN RESOUR (BEN): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here.