Invesco Ltd. reports recurring developments as a global asset management firm serving retail and institutional clients through equity, fixed income, ETF and index, private markets, multi-asset and global liquidity strategies. Company updates frequently cover assets under management, net long-term and money market flows, market and foreign-exchange effects on AUM, investment management fees, service and distribution fees, and quarterly operating results.
News also includes product and platform developments such as QQQ’s conversion to an open-end fund ETF, institutional ETF adoption research, and strategic partnerships tied to tokenized investment products and digital asset infrastructure.
Invesco Real Estate Income Trust (IVZ) has acquired a majority interest in Everly Roseland, a 360-unit multifamily property in Roseland, NJ, as part of a joint venture with Skylight Real Estate Partners. The acquisition, announced on May 23, 2022, involves a 384,648 square foot asset that is currently 95% leased. Built in 1980, this community is poised for value creation through unit renovations and an amenities center, enhancing its appeal. This move expands INREIT's multifamily portfolio in the Northeastern U.S., highlighting a strategic partnership with Skylight.
Invesco Ltd. (NYSE: IVZ) announced that CEO Marty Flanagan will present at Alliance Bernstein's Strategic Decisions Conference in New York on June 2, 2022, at 1:30 PM EST. A live audio webcast will be accessible via ir.invesco.com, with a replay available post-event. Invesco, an independent investment management firm, offers diverse investment capabilities across over 20 countries, focusing on enhancing the investment experience for its clients.
Invesco Ltd. (NYSE: IVZ) announced that Allison Dukes, Senior Managing Director and Chief Financial Officer, will present at the Deutsche Bank Global Financial Services Conference in New York, NY on June 1, 2022, at 9:00 AM EST. A live audio webcast will be accessible on the company's investor relations website, with a replay available post-event. Invesco, a global investment management firm, operates in over 20 countries, providing a wide range of investment capabilities.
Invesco Ltd. (NYSE: IVZ) and Cerulli Associates launched the Practice Innovation Index on May 18, 2022. This digital tool benchmarks financial practices across business development, wealth management, client service, and practice management. Utilizing over a decade of Cerulli survey data, it provides customized insights designed to enhance financial professionals' businesses. The tool aims to address common challenges such as client acquisition and compliance. It is part of Invesco Total CX, an all-in-one platform designed to optimize client engagement and business outcomes.
Invesco Ltd. (IVZ) reported preliminary assets under management (AUM) of $1,476.1 billion for April 30, 2022, reflecting a 5.1% decrease from the previous month. The firm faced net long-term outflows of $1.3 billion, with non-management fee-earning net outflows totaling $1.4 billion. Money market net inflows were reported at $15.2 billion. AUM was affected by market returns, which decreased assets by $79 billion, while foreign exchange fluctuations contributed to a $13.2 billion decline.
The Boards of Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) announced dividends on May 2, 2022. VLT maintains its monthly dividend at $0.0964 per share while VVR increases its monthly dividend to $0.0260, effective April 1, 2022, up from $0.0210. The ex-date for both funds is May 13, 2022, with a record date of May 16, 2022. The payment date for both dividends is May 31, 2022. Distributions from both funds may include elements of return of capital, affecting NAV.
Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) have announced dividend payments. VLT will distribute $0.0964 per share, while VVR increases its dividend to $0.0260 per share, up from $0.0210. Key dates include an ex-date of April 14, 2022, record date of April 18, 2022, and payment date of April 29, 2022. These distributions are part of the funds' Managed Distribution Plans and include portions classified as returns of capital. As of March 31, 2022, VLT's cumulative total return is -1.25%, while VVR's is 0.27%.
Invesco Real Estate Income Trust Inc. has acquired a 100% interest in a self-storage facility in Winston-Salem, North Carolina. The property spans 52,275 square feet and has 491 units, currently 99.1% leased. This acquisition, valued at over $75 million, expands INREIT's portfolio and geographic reach in the Southeastern U.S. The CEO stated that self-storage assets are resilient through economic cycles and provide attractive investment opportunities amid inflation.
Invesco Ltd. (NYSE: IVZ) has launched the Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT), a pioneering ETF designed to provide exposure to metals crucial for electric vehicle production. This actively managed fund focuses solely on industrial metals like aluminum, cobalt, and nickel, marking it the first ETF to invest in the entire car production process rather than just battery manufacturing. As electric vehicle adoption accelerates in the U.S., notably due to government initiatives aiming for 50% EV sales by 2030, EVMT seeks long-term capital appreciation while expanding Invesco's commodities ETF offerings.
Invesco Ltd. reported first-quarter 2022 results showing a diluted EPS of $0.43, down 53.3% from Q4 2021. Adjusted diluted EPS fell 34.9% to $0.56. The firm experienced net long-term inflows of $17.2 billion, aided by strong demand for ETFs and Fixed Income products. However, AUM decreased by 3.4% to $1,556 billion due to net market losses of $80.9 billion. The company successfully repurchased $200 million in shares and announced a 10% increase in quarterly dividends to $0.1875 per share. CEO Marty Flanagan highlighted client-focused strategies in a volatile market.