"In trading, oftentimes you have the direction of the trade correct, but the timing may go against you, especially when holding a daily reset leveraged strategy over the course of several weeks. Our goal was to create a directional or hedging tool that could better reflect a trader's medium-term bearish view," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "With SMQ, we are extending the monthly-reset category that we pioneered with MQQQ to give investors a new tool that could be m ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Group 1 - The Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) was last covered over two years ago, focusing on its mandate change [1] - Binary Tree Analytics (BTA) aims to provide transparency and analytics in capital markets, specializing in CEFs, ETFs, and Special Situations [1] - BTA has over 20 years of investment experience, with a background in finance from a top university [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] - The firm provides educational information but does not offer tax advice, highlighting the complexity and variability of federal and state tax laws [1] - Opinions expressed by Invesco's authors are based on current market conditions and may change without notice, indicating a dynamic investment environment [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and other affiliated investment advisers provide investment advisory services without selling securities [1] - The PowerShares® brand is a registered trademark of Invesco PowerShares Capital Management LLC, indicating a diversified product offering [1]

Core Viewpoint - Invesco's Q3 2025 earnings report shows strong performance with adjusted earnings surpassing estimates and record AUM, despite some challenges from increased operating expenses and a non-cash impairment charge [2][3]. Financial Performance - Adjusted earnings for Q3 2025 were 61 cents per share, exceeding the Zacks Consensus Estimate of 45 cents, marking a 38.6% increase year-over-year [2]. - Net income attributable to common shareholders was $301.3 million or 66 cents per share, up from $55 million or 12 cents per share in the same quarter last year [3]. - Adjusted net revenues reached $1.19 billion, a 7.4% increase year-over-year, meeting the Zacks Consensus Estimate [4]. Assets Under Management (AUM) - AUM as of September 30, 2025, was a record $2.12 trillion, reflecting an 18.3% year-over-year increase [5]. - The average AUM for the third quarter was $2.06 trillion, also up 18.3% [5]. - Long-term net inflows for the quarter totaled $28.9 billion, driven by ETFs, Index, China JV, India, Fundamental Fixed Income, and Private Markets [5]. Expenses and Margins - Adjusted operating expenses were $780.2 million, a 3.3% increase year-over-year [4]. - The adjusted operating margin improved to 34.2%, up from 31.6% a year ago [4]. Balance Sheet and Share Repurchases - Cash and cash equivalents as of September 30, 2025, were $973.1 million, up from $922.7 million as of June 30, 2025 [6]. - Long-term debt stood at $1.62 billion [6]. - In the reported quarter, Invesco repurchased 1.2 million shares for $25 million [7]. Future Outlook - Management anticipates one-time implementation costs of Alpha to be between $10 million and $15 million in Q4 2025 [8]. - The expected non-GAAP effective tax rate for Q4 2025 is projected to be in the range of 25-26% [8]. - The total payout ratio is expected to be near 60% in 2025 and 2026 [9]. Market Sentiment - There has been an upward trend in estimates for Invesco, indicating positive market sentiment [10]. - Invesco currently holds a Zacks Rank 1 (Strong Buy), suggesting expectations for above-average returns in the coming months [12]. Investment Scores - Invesco has a subpar Growth Score of D and a Momentum Score of F, but a grade of B on the value side, placing it in the top 40% for this investment strategy [11]. - The aggregate VGM Score for Invesco is C, which is relevant for investors not focused on a single strategy [11].

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change over time, differing from other investment professionals within the company [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] - The firm provides educational information but does not offer tax advice, highlighting the complexity and variability of federal and state tax laws [1] - Opinions expressed by Invesco authors are based on current market conditions and may change without notice, indicating a dynamic investment environment [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and other affiliated investment advisers provide investment advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, including Invesco Distributors, Inc. [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] - The firm provides educational information but does not offer tax advice, highlighting the complexity and variability of federal and state tax laws [1] - Invesco's opinions are based on current market conditions and may differ from those of other investment professionals within the firm [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] - The firm provides educational information but does not offer tax advice, highlighting the complexity and variability of federal and state tax laws [1] - Opinions expressed by Invesco's authors are based on current market conditions and may change without notice, indicating a dynamic investment environment [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and other affiliated investment advisers provide investment advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, including Invesco Distributors, Inc. [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]