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Invesco Ltd. (NYSE: IVZ) is a leading independent global investment management firm with a strong presence across the globe. With over 740 dedicated investment professionals and operations in more than 20 countries, Invesco serves clients in over 150 countries. The firm is committed to delivering investment excellence, boasting a wide array of investment capabilities and a robust organizational structure.
Invesco provides comprehensive investment management services to both retail (66% of managed assets) and institutional clients (34%). As of March 2024, the firm managed $1.663 trillion in assets, which include equity (54% of AUM), balanced (4%), fixed-income (20%), alternative investments (10%), and money market (12%) operations. Invesco's offerings include a mix of active and passive investment strategies, with passive products accounting for 40% of the total AUM.
The firm has made notable achievements in the market, including the launch of unique ETFs focusing on cash flow and dividend growth, catering to the current economic environment. Invesco continues to innovate with products like the Invesco S&P High Dividend Growers ETF and the Invesco Nasdaq Free Cash Flow Achievers ETF, which target companies with high cash flow and high dividend growth potential.
Invesco's financial health remains robust, as evidenced by its recent performance. The firm reported $6.7 billion in net long-term inflows for Q4 2023 and $6.3 billion for Q1 2024. The firm's strategic initiatives, such as partnerships with industry leaders and the launch of innovative ETFs like the Invesco Galaxy Bitcoin ETF, further strengthen its market position.
Invesco’s U.S. retail business is among the largest nonproprietary fund complexes in the country. The firm also has significant market presence outside North America, with 29% of its AUM sourced from Europe, Africa, the Middle East, and Asia. This global reach allows Invesco to deliver its best ideas to investors worldwide.
For more information about Invesco Ltd., visit www.invesco.com.
Invesco QQQ has launched a digital game titled How Not to Suck at Money, aimed at enhancing financial education among college students, particularly student-athletes. This initiative addresses the low participation rate in financial education programs, with only 14% of students engaged. The game, developed with insights from over 1,500 college students, features interactive scenarios on budgeting, loans, and investing. It also offers a 90-minute experience and awards players with a playbook and LinkedIn certificate upon completion, accessible at no cost.
On November 1, 2021, Invesco Advisers announced the successful reorganization of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) into the newly established closed-end interval fund, Invesco Dynamic Credit Opportunity Fund. Shareholders approved this transition at the Annual Meeting on September 3, 2021. The Interval Fund will offer Class AX shares priced at the fund's net asset value, with initial quarterly repurchase offers expected in early 2022. This reorganization aims to maintain the same investment strategy as the original fund.
The Board of Trustees of Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) has announced dividends for October 2021. VLT declared a monthly dividend of $0.09641 per share, while VVR declared $0.02101 per share. Payment of these dividends is made on October 29, 2021, following the ex-date of October 13, 2021 and record date of October 14, 2021. These distributions are part of their Managed Distribution Plans, designed to provide regular cash payments to shareholders.
Avanta Residential, a Hunt Companies affiliate, has secured a strategic investment from Invesco Real Estate, enhancing its build-for-rent platform. This recapitalization focuses on scaling operations to meet the growing demand for single-family rentals, influenced by changing lifestyles post-COVID-19. Invesco acquired 75% of the company, aiming to provide high-quality living experiences and strong returns for its clients. Avanta plans to develop over 40 neighborhoods, with 5,000 homes underway, leveraging Hunt's extensive real estate experience and expertise.
Invesco Ltd. (NYSE: IVZ) reported financial results for Q3 2021, highlighting $13.3 billion in net long-term inflows and a 0.2% increase in ending AUM to $1,528.6 billion. The firm achieved a 26.5% operating margin and 42.1% adjusted operating margin. Total revenues reached $1.75 billion, up 1.7% QoQ and 16.9% YoY. However, net income dropped 10.4% to $330.1 million. Despite $14.6 billion in market losses, strengths were noted in Fixed Income and ETFs. The company declared a common dividend of $0.17 per share.
Invesco Advisers, Inc., a subsidiary of Invesco (NYSE: IVZ), announced the final results of its tender offer for Invesco Dynamic Credit Opportunities Fund (NYSE: VTA). The tender offer expired on October 7, 2021, with approximately 32,779,030 common shares tendered. The Fund accepted 12,596,028 shares at $12.24 each, representing 98.5% of the Fund's NAV of $12.43. A reorganization into an interval fund will be effective on November 1, 2021, ceasing trading on October 28, 2021. The Fund's dividend of $0.0750 per share will be payable on October 22, 2021.
Invesco Ltd. (NYSE: IVZ) reported September 2021 preliminary assets under management (AUM) of $1,528.6 billion, down 2.2% from the previous month. The firm recorded total net inflows of $4.2 billion and net long-term inflows of $3.2 billion. Despite this, AUM decreased by $36 billion due to unfavorable market returns, while foreign exchange impacts totaled $3.1 billion. As of September 30, 2021, the preliminary average total AUM for the quarter was $1,540.5 billion.
Invesco Advisers announced the preliminary results of its tender offer for the Invesco Dynamic Credit Opportunities Fund (NYSE: VTA), which expired on October 7, 2021. The Fund aimed to repurchase up to 12,596,028 shares, but received tenders for about 32,822,242 shares, indicating a prorated purchase for shareholders. Payments for accepted shares will happen five business days post-expiration, at 98.5% of the Fund's NAV. The Fund also continues its managed distribution plan, offering a consistent monthly dividend of $0.075 per share, subject to review and potential changes by its Board of Trustees.
Invesco Ltd. has launched two new ETFs focused on digital assets and blockchain: the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). These ETFs aim to provide investors with exposure to global companies involved in cryptocurrency and blockchain technology. Both ETFs will hold a significant allocation to an investment vehicle that directly holds physical cryptocurrency, representing the largest such holding in a U.S. ETF. The funds track indexes developed in partnership with Alerian and Galaxy Digital.
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