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]

Core Insights - Investors in the Financial - Investment Management sector should consider Invesco (IVZ) and BlackRock (BLK) for potential value opportunities [1] Valuation Metrics - Invesco has a Zacks Rank of 1 (Strong Buy), indicating a stronger earnings outlook compared to BlackRock, which has a Zacks Rank of 3 (Hold) [3] - Invesco's forward P/E ratio is 12.69, significantly lower than BlackRock's forward P/E of 22.91 [5] - Invesco's PEG ratio is 0.86, while BlackRock's PEG ratio is 1.89, suggesting Invesco may be undervalued relative to its expected earnings growth [5] - Invesco's P/B ratio is 0.95, compared to BlackRock's P/B of 3.04, further indicating Invesco's relative undervaluation [6] - These metrics contribute to Invesco's Value grade of B and BlackRock's Value grade of D [6] Earnings Outlook - Invesco is noted for its improving earnings outlook, making it a more attractive option in the current market [7]

Core Insights - Invesco's preliminary assets under management (AUM) for October 2025 reached $2.17 trillion, reflecting a 2% increase from the previous month [1][9] AUM Performance - The company reported net long-term inflows of $8 billion for October, with non-management fee-earning net inflows at $6.6 billion and money market net inflows totaling $11.1 billion [2][9] - Favorable market returns contributed to a $38 billion increase in AUM, while foreign exchange effects reduced the AUM balance by $6.2 billion [2] AUM Breakdown by Asset Class - AUM under ETFs & Index Strategies was $621.4 billion, up 2.6% month-over-month [4] - China joint venture AUM increased by 2.8% to $125.2 billion [5] - Fundamental Equities AUM rose to $309.4 billion, a 0.2% increase [5] - Global Liquidity AUM grew by 5.4% to $200.3 billion [5] - QQQs AUM reached $410.8 billion, marking a 6.5% rise [5] - Private Markets AUM declined by 0.8% to $129.9 billion, and Multi-Asset/Other AUM decreased by 17.1% to $68.1 billion [5] Strategic Outlook - The company is expected to benefit from strategic expansion plans, a strong global presence, diverse offerings, and efforts to enhance operating efficiency [6] - Initiatives such as converting QQQ into an open-end ETF and establishing a joint venture in India are anticipated to support revenue growth [6] Market Performance - Invesco's shares have increased by 11% over the past three months, contrasting with a decline of 11.3% in the industry [7]

Core Insights - Investors often exhibit impatience, which can impact their decision-making processes in the financial markets [1] Group 1: Analyst Background - The analyst has over 10 years of experience in generating value ideas in European and North American markets [1] - The analyst contributes to iREIT®+HOYA Capital and Wide Moat Research LLC, covering various European markets including Scandinavia, Germany, France, UK, Italy, Spain, Portugal, and Eastern Europe [1] Group 2: Investment Approach - The focus is on identifying reasonably valued stock ideas within the specified markets [1]

Core Insights - The Russell 1000 Value Index represents large-cap value stocks and is unmanaged, meaning it cannot be directly invested in [2] Group 1: Investment Characteristics - The index is a benchmark for evaluating the performance of large-cap value stocks, which are typically characterized by lower price-to-earnings ratios and higher dividend yields compared to growth stocks [2] - The performance of securities that pay high dividends can be volatile, as they may underperform during market shifts [3][5] - The investment techniques and risk analysis employed by portfolio managers may not yield the expected results, particularly in a value investing context [5] Group 2: Market Dynamics - Stock markets can experience significant short-term volatility, which may lead to unexpected negative effects across different market segments [4] - The behavior of U.S. stock markets may diverge from foreign stock markets, indicating potential risks in international investments [4] Group 3: Performance Metrics - Various performance metrics such as Alpha, Beta, Sharpe Ratio, and Maximum Drawdown are used to assess risk-adjusted performance and volatility of the fund [8][9] - The Weighted Average Market Cap provides insight into the average size of companies held within the portfolio, which can influence overall performance [9]

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 content 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]

Core Insights - Invesco Ltd. reported preliminary month-end assets under management (AUM) of $2,166.6 billion, reflecting a 2.0% increase from the previous month [1] - The firm experienced net long-term inflows of $8.0 billion during the month, with non-management fee earning net inflows of $6.6 billion and money market net inflows of $11.1 billion [1] - AUM was positively influenced by favorable market returns, which contributed an increase of $38 billion, while foreign exchange effects decreased AUM by $6.2 billion [1] - The completion of the sale of Invesco's majority interest in their India asset management business resulted in a decrease of AUM by $15.6 billion [1] - The preliminary average total AUM for the quarter ending October 31 was $2,156.0 billion, with an average active AUM of $1,128.6 billion [1] AUM Breakdown - As of October 31, 2025, total AUM was $2,166.6 billion, with specific categories as follows: - ETFs & Index Strategies: $621.4 billion - Fundamental Fixed Income: $309.4 billion - Fundamental Equities: $301.5 billion - Private Markets: $129.9 billion - China: $125.2 billion - Multi-Asset/Other: $68.1 billion - Global Liquidity: $200.3 billion - QQQ: $410.8 billion [2] - AUM figures for September 30, 2025, were $2,124.8 billion, indicating a month-over-month increase [2] - The AUM for August 31, 2025, was $2,063.6 billion, showing a consistent upward trend [2] Company Overview - Invesco Ltd. is a leading global asset management firm with over 8,300 employees serving clients in more than 120 countries [3] - The firm manages approximately $2.1 trillion in assets as of September 30, 2025, offering a comprehensive range of active, passive, and alternative investment capabilities [3]

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]

Group 1 - The article discusses the investment strategy of purchasing shares in Invesco Mortgage Capital Inc. (IVR) due to its high expected return on equity (ROE) and its current discount to book value [2] - IVR has been identified as a historically poor performer, yet the current market conditions present a potential opportunity for investors [2] - The Trade With Beta team, which has extensive experience in preferred stocks and baby bonds, provides insights and analysis on various fixed-income instruments, including regular reviews and investment picks [1] Group 2 - The Trade With Beta service includes features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [2] - The team is led by an experienced trader with over 15 years in day trading and a group of 40 analysts focused on identifying mispriced investments [2]

Core Insights - The Invesco Building & Construction ETF (PKB) has completed two decades as a listed product and is performing well in 2025, showing a strong year-to-date performance compared to the prime US equity benchmark and broader markets [1] Group 1 - The Invesco Building & Construction ETF (PKB) has been enjoying a rich vein of form in 2025 [1]