Core Viewpoint - Invesco's shares have reached a new 52-week high, driven by investor optimism regarding the reclassification of the Invesco QQQ ETF, which is expected to enhance operational efficiency and increase fees [1] Group 1: Stock Performance - Over the past six months, Invesco's stock has increased by 78.7%, outperforming the industry, Zacks Finance Sector, and S&P 500 index [2] - The company's shares have outperformed close peers such as T. Rowe Price and Franklin Resources [2] Group 2: QQQ Reclassification - The Invesco QQQ ETF has been operating under a legacy unit investment trust structure since its launch in 1999, which has limited its operational efficiencies [5] - The reclassification aims to transition QQQ to an open-end ETF model, unlocking operational efficiencies and reducing expense ratios, which is expected to drive revenues [5] Group 3: Asset Management Growth - Invesco's assets under management (AUM) have experienced a compound annual growth rate (CAGR) of 8.5% over the last five years, continuing into the first nine months of 2025 [6] - The company has capitalized on the rising demand for passive products, which made up 47.4% of total AUM as of September 30, 2025 [7] Group 4: Operational Efficiency - Invesco has achieved $200 million in annualized net savings from the OppenheimerFunds acquisition ahead of schedule, contributing to improved operating efficiency [8] - The company is also selling Intelliflo to enhance efficiency, despite increased adjusted operating expenses in 2023 and the first nine months of 2025 [9] Group 5: Global Presence - Invesco has a strong global presence, with 31% of total AUM coming from clients outside the United States as of September 30, 2025 [11] - The acquisition of Europe-based Source and the establishment of a joint venture in India are expected to strengthen Invesco's global footprint [12] Group 6: Financial Position - As of September 30, 2025, Invesco's total debt was $9.94 billion, significantly higher than cash and cash equivalents of $973.1 million [13] - The company maintains a stable outlook with investment-grade long-term senior debt ratings, allowing favorable access to the debt market [13] Group 7: Dividend and Share Repurchase - Invesco announced a 2.4% increase in its quarterly dividend to 21 cents per share, having raised dividends six times in the last five years with a payout ratio of 44% [14] - The company has a share repurchase plan, with approximately $257.2 million remaining in buyback authorization as of September 30, 2025 [17] Group 8: Analyst Sentiment and Valuation - The Zacks Consensus Estimate for earnings has increased, projecting growth of 14% for 2025 and 32.2% for 2026 [18][20] - Invesco's stock is trading at a forward P/E of 10.34X, which is below the industry average of 12.73X, indicating an attractive valuation [21][24] Group 9: Challenges - Invesco's top-line growth has been weak, with total operating revenues showing a downtrend since the second half of 2020 [25] - The company's goodwill and net intangible assets totaled $14.2 billion as of September 30, 2025, which poses a risk of impairment affecting financials [26][27]

Core Viewpoint - Invesco Ltd. is expanding its presence in private markets by partnering with LGT Capital Partners to offer alternative asset portfolios to US retail and retirement investors [1][2]. Group 1: Partnership Details - The collaboration will focus on private equity, credit, infrastructure assets, and investments in secondary stakes [2]. - This marks Invesco's second partnership since late April, following a collaboration with Barings on private credit funds [2]. Group 2: Market Context - Traditional asset managers have increasingly entered alternative markets over the past year, acquiring boutique firms or forming joint ventures to provide private assets to everyday investors [3]. - Notable partnerships in the industry include Blackstone with Vanguard and Wellington, Apollo with State Street, and Capital Group with KKR [4]. Group 3: Company Profiles - Invesco manages $2.1 trillion in client assets, with over $190 billion in alternative assets primarily in real estate and private debt [4]. - LGT Capital Partners, owned by the Princely Family of Liechtenstein, manages approximately $120 billion in assets [4].

Core Insights - Invesco Ltd. is expanding its presence in private markets by partnering with LGT Capital Partners to offer alternative asset portfolios for US retail and retirement investors [1][2] - The partnership will focus on private equity, credit, infrastructure assets, and secondary stakes [2] - Invesco's CEO highlighted that private market exposure can provide unique income and growth opportunities [2] Company Developments - This partnership with LGT is Invesco's second collaboration since April, following a partnership with Barings on private credit funds [2] - Invesco manages $2.1 trillion in client assets and has over $190 billion in alternative assets, primarily in real estate and private debt [2][5] - LGT Capital Partners, owned by the Princely Family of Liechtenstein, manages approximately $120 billion in assets [5] Industry Trends - Traditional asset managers are increasingly entering alternative markets, forming joint ventures or acquiring boutique firms to offer private assets to retail investors [3] - Other notable partnerships in the industry include Blackstone with Vanguard and Wellington, and Apollo with State Street [4] - The trend indicates a growing interest in private markets as a source of income and growth for investors [2][3]

Core Insights - Invesco Ltd. has formed a strategic partnership with LGT Capital Partners to develop multi-alternative private markets solutions, initially targeting the U.S. wealth and retirement sectors [1][2][3] Company Overview - Invesco manages over $190 billion in global private markets and alternatives, with more than $1 trillion managed for U.S. wealth clients, positioning itself as a leading provider in defined contribution retirement plans [4] - LGT Capital Partners has over $120 billion in assets under management and serves more than 700 institutional clients across 50 countries, specializing in alternative investments [8] Strategic Goals - The collaboration aims to simplify access to private markets through innovative portfolio solutions and enhanced investor education [2][3] - Both firms emphasize a client-first approach and long-term investment performance, seeking to leverage their complementary strengths to deliver innovative solutions [3][6] Market Positioning - Invesco's consultative approach and history of innovation have established a best-in-class wealth platform, enabling advisors to create resilient portfolios [4] - LGT Capital Partners has a strong network of over 800 general partners, providing access to private equity, private credit, and infrastructure investments [5]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1: Company Overview - Invesco aims to help people get more out of life through its investment services [1] - The firm provides a range of investment products and advisory services [1] Group 2: Services and Offerings - Invesco offers educational resources and expert investment views through its US Blog [1] - The company emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] Group 3: Legal and Tax Considerations - Invesco advises investors to consult legal or tax professionals for personalized information due to the complexity of tax laws [1] - The firm clarifies that the tax information provided is general and not exhaustive [1]

Core Viewpoint - Invesco is seeking shareholder approval to convert its $400 billion QQQ fund from a unit investment trust to an open-end fund, which would allow it to take control of fee revenue and reduce marketing expenses significantly [2][4]. Group 1: Shareholder Voting Process - Invesco requires proxy votes from shareholders to proceed with the conversion of the QQQ fund, with the current proposal needing 51% approval to pass [2][3]. - As of the latest SEC filing, the proposal has garnered 50% support, with 92% of those who voted in favor, indicating that over 54% of shares have cast votes [3]. Group 2: Financial Implications - The proposed changes include a 10% reduction in fees, lowering the fee from 20 basis points to 18 basis points, which is expected to benefit shareholders through a lower expense ratio [6]. - Invesco plans to cut advertising spending on the ETF by at least half, believing that the reduction in marketing will be outweighed by the benefits of lower expenses for shareholders [4].

Core Insights - The Invesco Large Cap Growth ETF (PWB) provides exposure to the large-cap growth segment of the U.S. equity market, with assets under management (AUM) totaling $1.41 billion and an expense ratio of 0.55% [1] Group 1 - The ETF was launched on March 3, 2005, and is managed by Invesco Capital Management LLC [1] - The fund focuses on large-cap growth stocks, which are typically characterized by higher growth potential compared to value stocks [1] - The expense ratio of 0.55% indicates the cost of managing the fund relative to its AUM, which is a competitive rate in the ETF market [1]

Core Insights - The Invesco QQQ ETF is seeking to modernize its structure from a unit investment trust (UIT) to an open-end fund, which is expected to lower its expense ratio and enhance operational efficiency [1][4][6] - The reclassification requires 51% shareholder approval, with a deadline extension to December 19, as initial efforts fell short of the December 5 goal [2][3] - The fund's expense ratio will decrease from 0.20% to 0.18%, potentially saving shareholders nearly $70 million in aggregate due to its large asset base exceeding $400 billion [5] Shareholder Engagement - Shareholder participation in the reclassification proposal has been strong, with votes overwhelmingly in favor, indicating positive sentiment towards the changes [3] - Invesco has actively engaged with shareholders to secure the necessary proxy votes, including direct outreach efforts [3] Benefits of Reclassification - The primary benefit of the reclassification is a lower expense ratio, which aligns with the trend of cost-effectiveness in the ETF industry compared to mutual funds [4] - Transitioning to an open-end fund structure will allow portfolio managers greater flexibility in reinvesting dividends, utilizing derivatives, and lending securities, which are currently restricted under the UIT structure [5] Market Impact - The QQQ ETF has been a significant player in the ETF market, particularly for tech exposure, and has inspired various iterations and similar funds globally [8][9] - Other ETFs have adopted strategies based on QQQ's success, such as the ProShares Nasdaq-100 Dorsey Wright Momentum ETF and the Direxion NASDAQ-100 Equal Weighted Index Shares, showcasing QQQ's influence [9]

Core Viewpoint - Cowen & Co. upgraded Invesco Ltd. to a "Buy" rating and increased the price target, reflecting positive sentiment towards the company's performance and market position [1][5]. Company Overview - Invesco Ltd. is a global asset management firm managing $2.1 trillion in assets as of September 30, 2025 [1]. - The company has a market capitalization of approximately $10.86 billion and employs 8,500 people, serving clients in over 120 countries [2][4]. Stock Performance - The stock is currently priced at $24.39, with a recent increase of $0.15, marking a 0.62% rise [3][5]. - Over the past year, the stock has reached a high of $24.79 and a low of $11.60, indicating significant volatility [3]. Trading Activity - Invesco's stock has a trading volume of 5,021,466 shares, reflecting active market participation [4][5]. - The stock has experienced a daily trading range with a low of $24.26 and a high of $24.73 [3]. Engagement with Financial Community - Invesco's President and CEO, along with the CFO, will participate in the Goldman Sachs 2025 Financial Services Conference, highlighting the firm's active engagement with the financial community [2][5].

ATLANTA,Dec. 3, 2025/PRNewswire/ -- Invesco Ltd. (NYSE:[IVZ](#financial-modal)), a leading global asset management firm, announced today that Andrew Schlossberg, President and Chief Executive Officer, and Allison Dukes, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 2025 Financial Services Conference on December 9, 2025, at 3:40 p.m. ET.A link to the live audio webcast will be available on the[Investor Relations website](https://edge.prnewswire.com/c/link/?t=0&l=en&o=45718 ...