Core Insights - Invesco Ltd.'s shares have increased by 16.6% over the past three months, outperforming the industry and the S&P 500 Index [1][9] - The company's assets under management (AUM) have shown a compound annual growth rate (CAGR) of 10% from 2020 to 2025, driving fee-based revenues [4][9] - Strategic partnerships and restructuring efforts are aimed at enhancing operational efficiency and expanding market capabilities [5][11] Performance Overview - Invesco's share price has significantly outperformed its peers, with a 16.6% increase compared to BlackRock's 5.3% and AllianceBernstein's 5.9% [1][9] - The company has rebounded in total operating revenues in 2024 and 2025 after a challenging operating environment [6][9] Growth Drivers - The steady growth in AUM is a key factor for revenue generation, with strategic initiatives like partnerships with LGT Capital Partners and MassMutual's Barings to enhance private market capabilities [4][5] - The conversion of the Invesco QQQ Trust into an open-end ETF structure is expected to generate revenues from over $400 billion in AUM [5] Financial Estimates - Zacks Consensus Estimates for Invesco's sales indicate a growth trajectory, with current quarter estimates at $1.25 billion and next year at $5.58 billion, reflecting year-over-year growth of 12.35% [10] - Earnings estimates for 2026 and 2027 have been revised upward, with projections of $2.66 and $3.03 respectively, indicating growth rates of 31% and 13.6% [18][19] Strategic Initiatives - Invesco is executing a broad transformation strategy, including a partnership with CI Global Asset Management to enhance Canadian operations and divesting stakes in certain subsidiaries [11][12] - The company is focusing on a hybrid Alpha investment platform to drive long-term cost savings and operational scalability [11] Global Presence - Invesco has a diversified global footprint, with 31.2% of its client AUM sourced from markets outside the United States, bolstered by the acquisition of Europe-based Source [12] Capital Management - The company maintains solid liquidity, allowing for consistent capital returns to shareholders, including a 2.4% increase in quarterly dividends [13][14] - Invesco has $232.2 million remaining under its share buyback authorization and plans to repurchase $40 million worth of shares in Q1 2026 [14] Challenges - Invesco faces rising operating expenses, with a CAGR of 6.2% over the past five years, primarily due to increased distribution and advisory costs [15] - The company holds $12.4 billion in goodwill and intangible assets, which could pose risks to earnings stability due to potential impairment [16]

On Feb. 4, 2026, Valley Wealth Managers, Inc. disclosed selling 134,355 shares of the Invesco KBW Bank ETF (NASDAQ:KBWB), an estimated $10.6 million trade based on quarterly average pricing. What happened According to a SEC filing dated Feb. 4, 2026, Valley Wealth Managers, Inc. sold 134,355 shares of Invesco KBW Bank ETF during the fourth quarter. The estimated transaction value was $10.6 million. The fund’s quarter-end KBWB position was valued at $14.1 million, down $9.5 million from the prior quarter, ...

Core Insights - The Invesco S&P MidCap Momentum ETF (XMMO) has delivered a remarkable 506.4% return over the past ten years, significantly outperforming the SPDR S&P MidCap 400 ETF (MDY), which returned 215.48% during the same period [1] - Recently, XMMO's one-year return of 14.82% has only slightly exceeded MDY's return of 12.69%, indicating a narrowing momentum edge [1] - A December 2025 analysis highlighted concerns regarding elevated valuations and degraded portfolio quality due to index reconstitution, suggesting that current holders should consider pairing XMMO with quality-focused mid-cap funds to mitigate valuation risks [1] Performance Metrics - XMMO has $5.2 billion in assets and a 0.35% expense ratio, providing concentrated exposure to mid-cap stocks with strong momentum [1] - The fund's top holdings include Ciena Corp (4.96%), Lumentum Holdings (4.33%), and Curtiss-Wright (4.19%), with a notable 26.2% allocation to the Industrials sector [1] - The ETF's long-term performance validates the momentum strategy, but the recent performance suggests that momentum factors are more effective over full market cycles [1] Investment Strategy - XMMO is designed for investors looking to overweight momentum within their mid-cap allocation rather than simply tracking a market-cap weighted index [1] - The strategy relies on price momentum persistence, which historically generates excess returns but comes with higher volatility [1] - The fund is best suited as a 10-20% satellite position within a diversified mid-cap allocation for growth-oriented investors who can tolerate above-average volatility [1]

Core Viewpoint - The S&P 500 index experienced a loss of -1.4% for the week, marking its second consecutive weekly decline, primarily due to a selloff driven by concerns related to AI [1] Group 1: S&P 500 Performance - The S&P 500 is currently 2.04% below its all-time high reached on January 27, 2026 [1] - The index has been below the 50-day moving average since February 12 and above the 200-day moving average since May 12 [1] - The 50-day moving average has been above the 200-day moving average since July 1 [1] Group 2: Historical Context - The S&P 500 reached an all-time high of 1565.15 on October 9, 2007, before experiencing a ~57% drop by March 9, 2009, during the Global Financial Crisis [1] - It took over 5 years for the index to reach a new all-time high on March 28, 2013, closing at 1569.19 [1] - Recent selloffs in 2022 are noted when excluding the Global Financial Crisis from the analysis [1] Group 3: Volatility Insights - The largest intraday price volatility of the S&P 500 since December 24, 2018, occurred on April 9, 2025, with a volatility of 10.77% [1] - The average percent change from the intraday low to the intraday high over the past 20 days is 1.17% [1] Group 4: Index Comparison - The S&P 500 is down -0.14% year to date, while the S&P Equal Weight Index is up 5.77% year to date [1] - The S&P 500 is a market cap-weighted index, while the S&P Equal Weight Index gives equal weight to each constituent [1]

Core Insights - The Invesco QQQ Trust has achieved a total return of 560% over the past decade, turning a $10,000 investment into $66,000 as of February 13 [1] - The shift in investment trends shows that passive investment funds have surpassed active funds for the first time in 2023, indicating a significant change in market dynamics [3] - The poor performance of active funds has contributed to the growing preference for low-cost passive investment options [4] Market Trends - The democratization of equity investing, facilitated by commission-free trading and access to quality research, has increased participation in the stock market among a broader population [3] - The trend of rising flows into passive funds is expected to continue, providing a long-term tailwind for investments like the Invesco QQQ Trust [6] - Despite short-term fluctuations, the long-term demand for passive investment options remains strong, which is favorable for patient investors [6] Key Data Points - The current price of the Invesco QQQ Trust is $601.92, with a day's change of 0.21% [5] - The day's trading range is between $596.42 and $606.48, while the 52-week range is from $402.39 to $637.01 [5] - The trading volume for the Invesco QQQ Trust is 69 million [5]

The composition of S&P 500 returns has changed significantly in 2026. Equal-weighting the index might be the best way to take advantage of it.U.S. stocks are continuing to move higher to start 2026, but where those gains are coming from has completely changed.Over the past three years, the S&P 500 (^GSPC +0.05%) has been pulled higher by a narrow group of megacap tech stocks. This year, tech is one of the worst-performing sectors, and others, including energy, consumer staples, and industrials, have taken i ...

Core Viewpoint - The Invesco Food & Beverage ETF (PBJ) and the First Trust Nasdaq Food & Beverage ETF (FTXG) provide exposure to the U.S. food and beverage industry, with differences in risk, income potential, and trading characteristics that may influence investor decisions [1] Cost & Size - PBJ has an expense ratio of 0.61% and FTXG has a slightly lower expense ratio of 0.60% - As of February 14, 2026, PBJ has a 1-year return of 7.50% while FTXG has a return of 6.87% - The dividend yield for PBJ is 1.62% compared to FTXG's 2.60% - PBJ has a beta of 0.55 indicating higher volatility compared to FTXG's beta of 0.42 - Assets Under Management (AUM) for PBJ is $103.9 million while FTXG has $20.10 million [2] Performance & Risk Comparison - Over the past five years, PBJ experienced a maximum drawdown of -15.84% while FTXG had a larger drawdown of -21.71% - An investment of $1,000 in PBJ would have grown to $1,296 over five years, whereas the same investment in FTXG would have grown to $925 [4] Holdings Composition - FTXG tracks a smart beta index with 31 holdings, including major positions in PepsiCo, Archer-Daniels-Midland, and Mondelez International - PBJ also holds 31 stocks, with top holdings in Hershey, PepsiCo, and Sysco [5] Investment Implications - For long-term investments, PBJ has shown a 31% return over the last five years, while FTXG has decreased by 6.94% during the same period - Despite FTXG's higher dividend yield, PBJ offers a higher quarterly dividend payout due to its higher fund price [7] - The choice of top holdings may influence investor preference, with FTXG's leading asset being PepsiCo and PBJ's being Hershey [8] - Both ETFs can serve as valuable portfolio additions during economic downturns, as they consist of consumer defensive stocks that provide essential goods [9]

Core Insights - The Freedom 100 Emerging Markets ETF has emerged as a top-performing ETF in the emerging markets sector, challenging the dominance of major players like Vanguard, State Street, and BlackRock [1][3]. Investment Strategy - The ETF is based on the Freedom 100 EM Index, which evaluates emerging market countries based on 87 freedom variables, including crime rates, corruption, and legal system quality [5][8]. - State-owned enterprises are excluded from the ETF to focus on companies where profit is a primary objective, enhancing the quality of the portfolio [6]. Performance Metrics - The Freedom 100 Emerging Markets ETF has achieved a total return of 99% over the past five years, significantly outperforming the iShares MSCI Emerging Markets ETF, which has a return nearly five times lower [9][11]. - The fund has grown to approximately $2.5 billion in assets under management, showcasing its strong performance despite not competing in size with larger ETFs [12].

Core Insights - The Fidelity MSCI Consumer Staples Index ETF (FSTA) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) differ significantly in cost and portfolio concentration, with RSPS employing an equal-weight strategy and FSTA focusing on larger sector leaders [1][2] Cost & Size Comparison - FSTA has a lower expense ratio of 0.08% compared to RSPS's 0.40%, making it more cost-effective for investors [3][4] - As of February 13, 2026, FSTA has a one-year return of 10.7% while RSPS has a return of 14.9% [3] - FSTA's assets under management (AUM) stand at $1.4 billion, significantly higher than RSPS's $264 million [3] Performance & Risk Comparison - Over five years, FSTA has a max drawdown of 16.6%, which is less severe than RSPS's 18.6% [5] - An investment of $1,000 in FSTA would grow to $1,584 over five years, compared to $1,245 for RSPS [5] Portfolio Composition - FSTA tracks the MSCI USA IMI Consumer Staples Index and holds 97 stocks, with a heavy concentration in large companies like Walmart, Costco, and Procter & Gamble, which together account for over one-third of its assets [6] - RSPS equally weights 38 stocks, reducing concentration risk, with top holdings including Bunge Global SA, Colgate-Palmolive, and Church & Dwight, each around 3% of the portfolio [7] Investment Implications - Both ETFs provide defensive exposure to consumer staples, which are essential goods that consumers purchase regularly, making them attractive during market volatility [8] - FSTA's lower fees can lead to significant savings for investors over the long term, especially when compounded over a decade [9]

Quick Read Invesco S&P 500 GARP ETF (SPGP) returned 9.5% in the past year versus 14.4% for the S&P 500. Invesco’s top holdings are Royal Caribbean at 2.49% and NVIDIA at 2.44%. Invesco’s cyclical positioning underperformed as consumer sentiment weakened through 2024 and into 2025. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. If you want exposure to growing companies without paying the premium va ...