Core Insights - Retirement investors are increasingly focusing on international stocks and emerging markets, as indicated by Alight Solutions' 401(k) Index [1][2] Group 1: Investment Trends - In January, international equity funds received 45% of equity inflows, while emerging markets attracted 33%, surpassing US equity categories [2] - A significant shift in investor behavior is observed, with 59% of funds withdrawn from large US equity funds, indicating a move away from US equities [2][3] - New contributions to equities rose to 73% in January from 70.1% in December, showing a renewed interest in equity investments [6] Group 2: Target-Date Funds - Despite withdrawals from target-date funds, they remain the largest asset class for 401(k) savers, with the majority of contributions in January directed towards these funds [4] - Target-date funds are commonly used by 401(k) plan sponsors and state auto-IRA programs for automatic enrollment [4] Group 3: Market Performance - The MSCI All Country World ex-USA Index gained 29.2% in 2025, outperforming the S&P 500's 17.9% gain, highlighting the potential of global markets [9] - Global markets showed a 6% increase last month, while the S&P 500 only gained 1.4%, further emphasizing the attractiveness of international equities [9] Group 4: Investor Sentiment - The shift towards international equities may reflect investor concerns over US equity volatility and a search for long-term global growth opportunities [7]

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]