Industry Overview - The Zacks Investment Management industry is composed of companies managing securities and funds to meet specific investment goals, earning revenue through service fees or commissions [3] - Investment managers provide diversification options, helping to reduce volatility impacts and ensure steady returns over time [3] Major Themes Affecting the Industry - Rising asset inflows are expected to support AUM growth, driven by impressive equity market performance and falling interest rates, leading investors to shift towards higher-yielding assets [4] - The trend towards passive investing continues, with investors moving to low-cost options like index funds and ETFs, although demand for active ETFs is rising [5][6] - Tighter regulations and rising compliance costs are anticipated to strain profitability, while technology upgrades may increase expenses in the short term but support long-term operational efficiencies [7] Industry Performance - The Zacks Investment Management industry has outperformed the S&P 500 and the broader finance sector over the past two years, with a collective stock increase of 65.9% compared to 52.5% for the S&P 500 and 41.4% for the Zacks Finance Sector [11] - The industry currently has a trailing 12-month price-to-tangible book (P/TB) ratio of 5.18X, significantly lower than the S&P 500's 14.79X, indicating a discount compared to the market [14] Investment Opportunities - **SEI Investments**: With a market cap of $11.1 billion and AUM of $493.9 billion, SEI is expected to benefit from revenue growth due to global presence and diverse offerings. The stock has gained 28.3% over the past three months [20][22] - **Invesco**: Operating with AUM of $1.8 trillion, Invesco's strategic expansion and efforts to improve efficiency are expected to support profitability. The stock has increased by 15% over the past three months [24][26] - **Artisan Partners**: With AUM of $167.8 billion, Artisan focuses on high-value-added active strategies. The stock has gained 18% over the past three months, supported by improving market trends [28][29]

KLMN breaks global record by launching with US$2.4 billion invested by Finnish pension insurer Varma ATLANTA, Dec. 12, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced the launch of the Invesco MSCI North America Climate ETF (KLMN). KLMN began trading on the New York Stock Exchange with US$2.4 billion in assets from Finnish pension insurer, Varma, which breaks a worldwide record by surpassing the funding of any previous new ETF launch globally."We are excited ...

Core Points - Invesco Advisers, Inc. announced the final results of tender offers for two funds: Invesco Trust for Investment Grade New York Municipals and Invesco Pennsylvania Value Municipal Income Trust [1] Group 1: Invesco Trust for Investment Grade New York Municipals - The tender offer was for cash up to 4,869,438 Common Shares, representing 25% of its outstanding shares [2] - Approximately 6,818,415 Common Shares, or 35% of the Fund's outstanding shares, were tendered [2] - The Fund accepted 4,869,438 shares at a price of $11.87 per share, which is 99% of the Fund's NAV of $11.99 as of December 10, 2024 [2] - Due to the excess number of shares tendered, 71.42% of the tendered shares will be accepted for payment [2] - Post-purchase, the Fund will have approximately 14,608,315 Common Shares outstanding [2] Group 2: Invesco Pennsylvania Value Municipal Income Trust - The tender offer was for cash up to 5,957,386 Common Shares, also representing 25% of its outstanding shares [3] - Approximately 8,073,690 Common Shares, or 33.9% of the Fund's outstanding shares, were tendered [3] - The Fund accepted 5,957,386 shares at a price of $11.69 per share, which is 99% of the Fund's NAV of $11.81 as of December 10, 2024 [3] - Due to the excess number of shares tendered, 73.79% of the tendered shares will be accepted for payment [3] - Post-purchase, the Fund will have approximately 17,872,158 Common Shares outstanding [3]

New offerings position Invesco as the provider with the most expansive set of ETF assets that access unique exposures of the groundbreaking companies within Nasdaq IndexesATLANTA, Dec. 4, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the expansion of the Invesco QQQ Innovation Suite to include Invesco Top QQQ ETF (QBIG) and Invesco QQQ Low Volatility ETF (QQLV). The newest additions to the firm's popular family of QQQ strategies further positions the ...

ATLANTA, Dec. 3, 2024 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that it completed the termination and liquidation of Invesco High Income 2024 Target Term Fund (NYSE: IHTA) (the "Fund"). In accordance with its investment objectives and organizational documents, and previously announced liquidation plans, the Fund terminated its existence and liquidated on December 2, 2024 (the "Termination Date").The Fund launched on December 4, 2017 with the investment ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...

Core Insights - Invesco has partnered with Tabono Capital to enhance investment solutions for ultra-high-net-worth clients, combining Tabono's regional client relationships with Invesco's global investment expertise [1][3] - The collaboration allows Tabono to utilize Invesco's advanced portfolio construction tools and market insights, enabling the delivery of sophisticated investment solutions while maintaining personalized service [2][5] Company Strategy - The partnership is a strategic move for Invesco to tap into the rapidly growing UHNW segment in key markets, enhancing its presence and connections with influential investors [3][4] - Invesco's assets under management (AUM) outside the United States accounted for nearly 29% of its total AUM as of September 30, 2024, indicating a solid international footprint [4] Market Context - The demand for sophisticated, globally diversified investment solutions is increasing, positioning the Invesco-Tabono partnership to provide significant value to clients in a complex global market [5] - Invesco's shares have increased by 7% over the past three months, although this is below the industry's growth of 25.6% during the same period [7]

ATLANTA, Nov. 19, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that it expects to deliver capital gains distributions to the following Invesco ETFs.1For the funds listed in the Table, the ex-date for the 2024 capital gains distributions will be Monday, December 23, 2024.  The record date will be Monday, December 23, 2024, and the payable date will be Friday, December 27, 2024.  Table Ticker Fund Name EstimatedDistributionShort ...

Invesco (IVZ) shares lost 1% in after-hours trading on Monday following the announcement of preliminary assets under management (AUM) for October 2024. The company’s month-end AUM of $1.77 trillion represented a 1.3% decline from the previous month.IVZ reported net long-term inflows of $2 billion for October. Non-management fee-earning net outflows were $0.2 billion, and money market net outflows totaled $1.8 billion.Further, Invesco’s AUM was unfavorably impacted by weak market returns, which lowered its A ...

ATLANTA, Nov. 11, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,772.0 billion, a decrease of 1.3% versus previous month-end. The firm delivered net long-term inflows of $2.0 billion in the month. Non-management fee earning net outflows were $0.2 billion and money market net outflows were $1.8 billion. AUM was negatively impacted by unfavorable market returns which decreased AUM by $13 billion. FX decreased AUM by $10.5 billion. Prelimi ...