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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 Advisers announced on June 16, 2021, that the Board of Trustees approved a change to the investment policy of Invesco Senior Income Trust (NYSE: VVR). The Trust can now invest up to 20% of its total assets in equity securities, including common and preferred stocks, and warrants, without restrictions on the type of equity purchased. This change aims to enhance portfolio management and maintain the Fund’s objective of providing high current income while preserving capital. The Fund remains exposed to market volatility and other risks associated with equity investments.
Invesco Advisers announced that the Board of Trustees of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) approved a change in the Fund's investment policy on June 16, 2021. The revised policy allows the Fund to invest up to 20% of its total assets in various equity securities, including common and preferred stocks, which were previously limited to equity from debt restructurings only. While the investment objective remains unchanged, this new strategy aims to enhance portfolio management and meet income generation goals. The Fund will now face increased volatility and market risks associated with equity investments.
Invesco Real Estate and Jera Asset Management have launched a joint venture called Mercury Trust, targeting strong industrial markets. This venture starts with nearly $500 million in assets, with additional backing from a $675 million credit facility for future acquisitions. Jera aims to leverage its expertise in the net-lease sector, while Invesco brings extensive investment management experience, particularly in commercial real estate. The collaboration is expected to enhance their capabilities in acquiring logistics and distribution properties across the U.S.
Invesco Ltd. (NYSE: IVZ) reported preliminary assets under management (AUM) of $1,505.1 billion as of May 31, 2021, a 3.2% increase from the previous month. The firm achieved net long-term inflows of $22.1 billion, including $17 billion from a large institutional passive mandate in Asia Pacific. Total net inflows reached $31.9 billion, with money market inflows of $9.1 billion. Market returns and FX contributed $10 billion and $4.3 billion to AUM, respectively.
Invesco Ltd. (NYSE: IVZ) announced that CFO Allison Dukes will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021, at 8:45 AM EST. The event will be held virtually, and a live audio webcast will be available on ir.invesco.com. A replay will be accessible for those unable to attend live. Invesco, a global independent investment management firm, operates in over 20 countries, providing a wide range of investment capabilities.
Invesco Ltd. (NYSE: IVZ) has announced that Marty Flanagan, President and CEO, and Roger Crandall, Chairman and CEO of MassMutual, will present at the Bernstein 37th Annual Strategic Decisions Conference. This virtual event is scheduled for June 2, 2021, at 9:00 AM EST. A live audio webcast link will be provided on their investor relations website, with a replay available after the event. Invesco is an independent investment management firm operating in over 20 countries, offering a range of investment capabilities.
Invesco Advisers has announced portfolio management changes for Invesco High Income Trust II (NYSE: VLT), effective June 1, 2021. Niklas Nordenfelt, with prior experience at Wells Fargo Asset Management, and Rahim Shad, who has been with Invesco since 2009, will jointly manage the fund's portfolio. This change reflects a strategic shift aimed at enhancing management oversight and investment strategies. Invesco Ltd. managed $1.4 trillion in assets as of March 31, 2021.
Invesco Ltd. (NYSE: IVZ) announced that CEO Marty Flanagan and CFO Allison Dukes will present at the Bernstein 37th Annual Strategic Decisions Conference on June 2, 2021, at 9:00 AM EDT. The event will be held virtually, and a live audio webcast will be accessible at ir.invesco.com. A replay of the presentation will be available for those who cannot attend live. Invesco is a global investment management firm, offering a range of investment capabilities across various asset classes.
Invesco Real Estate Income Trust Inc. (INREIT) announced a public offering of common stock, aiming to raise $2.4 billion. This offering includes five classes of shares, priced at their net asset value. Operative since September 2020, INREIT focuses on stabilized, income-generating commercial real estate in the U.S., targeting a portfolio of at least 80% private real estate. The trust plans to qualify as a real estate investment trust for tax purposes. Invesco Distributors, Inc. acts as the dealer manager for the offering, which has been declared effective by the SEC.
Invesco Ltd. (NYSE: IVZ) reported preliminary month-end assets under management (AUM) of $1,459.0 billion for April 30, 2021, reflecting a 3.9% increase from the previous month. The firm experienced total net inflows of $13.1 billion, including net long-term inflows of $7.2 billion. However, there were non-management fee earning net outflows of $1.9 billion. Gains in AUM were supported by favorable market returns adding $39 billion and foreign exchange adjustments adding $3 billion. Average AUM for the quarter ending April 30 was $1,447.0 billion.