Welcome to our dedicated page for Invesco news (Ticker: IVZ), a resource for investors and traders seeking the latest updates and insights on Invesco stock.
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 Ltd. (NYSE: IVZ) reported preliminary assets under management of $1,562.7 billion as of August 31, 2021, marking a 2.2% increase from the previous month. The firm secured total net inflows of $13.6 billion, with net long-term inflows reaching $8.4 billion. Strong market returns contributed $22 billion to AUM, while foreign exchange pressures decreased it by $1.1 billion. The average AUM for the quarter through August 31 stood at $1,532.4 billion.
Invesco Ltd. (NYSE: IVZ) announced that Chris Womack, CEO of Georgia Power, will join its Board of Directors in October 2021. His appointment supports the Board's strategy of balancing expertise and diversity while introducing fresh perspectives. Womack's background in energy sustainability and community service aligns with Invesco's ESG goals. Rick Wagoner, Chair of the Board, highlighted Womack's leadership experience as beneficial for Invesco's future. Invesco manages $1.5 trillion in assets globally as of June 30, 2021, focusing on enhancing client financial well-being.
Invesco Advisers has announced a reorganization of the Invesco Dynamic Credit Opportunities Fund (VTA) into a closed-end interval fund, approved by shareholders on September 3, 2021. This new fund will offer liquidity through quarterly repurchase offers and will maintain a similar investment strategy. Additionally, a tender offer for up to 12,596,028 common shares, representing 20% of the total shares, starts on September 8, 2021. The shares will be purchased at 98.5% of the net asset value, with a closing date anticipated in October 2021.
Invesco Ltd. (NYSE: IVZ) will be presenting at the Barclays Global Financial Services Conference on September 14, 2021, at 8:15 AM ET. The presentation features Marty Flanagan, President and CEO, and Allison Dukes, CFO. A live audio webcast will be accessible via Invesco's investor relations page. For those unable to attend live, a replay will be available post-event. Invesco is a global independent investment management firm with a presence in over 20 countries, offering diverse investment capabilities.
Invesco Ltd. (NYSE: IVZ) reported preliminary assets under management (AUM) of $1,528.4 billion for July 31, 2021, up 0.2% from the previous month. The firm experienced total net inflows of $3.5 billion, with net long-term inflows amounting to $1.7 billion. Notably, non-management fee earning net inflows were $2.9 billion, whereas money market net outflows totaled $1.1 billion. AUM remained stable, unaffected by market returns or exchange rate shifts.
Flexential has entered a leaseback agreement with Legacy Investing and Invesco Real Estate to expand its Plano, Texas data center by 130,000 square feet, more than doubling its capacity to over 260,000 square feet. This expansion increases the company's total Dallas market capacity to over 432,000 square feet, responding to the growing demand for data center services in the area. The partnership is positioned to facilitate quick market entry while providing investment opportunities for Legacy and Invesco. This follows an earlier partnership for Flexential's Hillsboro facility, showcasing robust brand value.
Invesco Ltd. (NYSE: IVZ) announced that Chief Financial Officer Allison Dukes will present at the UBS Financial Services Virtual Conference on August 11, 2021, at 8:00 am EST. A live audio webcast will be accessible through Invesco's investor relations website, with a replay available post-event. Invesco is a global investment management firm operating in over 20 countries, offering a variety of investment solutions.
Invesco Advisers, Inc. announced significant portfolio management changes for Invesco High Income Trust II (NYSE: VLT), effective July 30, 2021. Niklas Nordenfelt, Rahim Shad, and Philip Susser will take joint responsibility for the fund's management. Nordenfelt has been with Invesco since 2020 and has extensive experience from Wells Fargo. Shad has been with the firm since 2009, while Susser joined in 2021 after two decades at Wells Fargo. These changes aim to enhance the management team amid evolving market conditions and investment strategies.
Invesco Ltd. (NYSE: IVZ) reported strong financial results for Q2 2021, highlighting $31.1 billion in net long-term inflows, a significant increase from $24.5 billion in Q1 2021. Ending assets under management (AUM) reached $1,525 billion, up 8.6% from the previous quarter, driven by robust inflows across ETFs and Fixed Income products. Operating income surged to $470.9 million, up 36.8% QoQ, and diluted EPS rose to $0.79, a 36.2% increase. The company declared a cash dividend of $0.17 per share, payable September 1, 2021, reinforcing its commitment to return value to shareholders.
State Farm has partnered with intelliflo to enhance its investment services, aiming to improve the customer experience for financial planning and advisory services. The collaboration will migrate State Farm's brokerage business to the intelliflo platform, enabling agents to access and recommend a wider array of investment products. This platform will also facilitate automated workflows and provide agents with tools for risk assessment and goal-based planning. intelliflo, part of Invesco, currently supports over 30,000 financial advisors and manages assets exceeding $1 trillion.