Latest news with #Invesco
Business Insider
10 hours ago
- Business
- Business Insider
Invesco (IVZ) Receives a Hold from RBC Capital
RBC Capital analyst Kenneth Lee maintained a Hold rating on Invesco on July 23 and set a price target of $22.00. The company's shares closed yesterday at $21.43. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Lee covers the Financial sector, focusing on stocks such as Invesco, OneMain Holdings, and Ameriprise Financial. According to TipRanks, Lee has an average return of 18.8% and a 75.65% success rate on recommended stocks. In addition to RBC Capital, Invesco also received a Hold from Barclays's Benjamin Budish in a report issued on July 23. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on Invesco (NYSE: IVZ). Based on Invesco's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.53 billion and a net profit of $230.3 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $200.7 million
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Central Banks Show No Sign of Slowing Their Rush to Gold as Geopolitical Tensions Intensify Amid Trump's Policies
Waleed Farouk Central banks around the world show no indication of slowing down their push into gold, as the political and economic turmoil resulting from former U.S. President Donald Trump's foreign policies continues to fuel demand for the precious metal. According to a research report by global investment firm Invesco, central banks are steadily expanding their gold holdings, with nearly 50% of monetary authorities planning to increase their gold allocations over the next three years. 'Amid rising uncertainty and limited currency diversification options, gold has re-emerged as a fundamental pillar for enhancing reserve resilience,' said Rod Ringrow, Head of Official Institutions at Invesco. 'Gold is valued not just for its traditional role as a safe haven, but also for its political neutrality — a critical factor as geopolitical risks rise,' he added. Trump's presidency triggered widespread volatility in financial markets. His announcement of 'Liberation Day' tariffs on April 2 had a sharp negative impact on investor sentiment. U.S. stock markets recorded their worst week since the COVID-19 crash, while Asian stocks suffered their steepest declines in decades. Commenting on current market risks, JPMorgan CEO Jamie Dimon stated during the bank's quarterly earnings release last week: 'Significant risks remain — including tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits, and inflated asset prices.' Invesco's 13th edition of its Global Sovereign Asset Management Study (49 pages) quoted a central banker from Latin America as saying: 'Gold is a diversifier, but it is also a form of protection — a backstop when all else fails.' The study's findings align with a June survey conducted by the World Gold Council, which polled 72 central banks. It showed a record number of respondents expecting to increase their gold holdings over the next 12 months, with 43% indicating plans to boost reserves — up from 29% the previous year. Shaokai Fan, Head of Central Banks at the World Gold Council, said: 'Western countries have stopped selling gold, while emerging markets are accelerating purchases, aiming to catch up and build larger reserves.' Speaking specifically about 2024, Fan described central bank demand for gold as 'insatiable,' noting that purchases had exceeded 1,000 metric tons for the third year in a row. Central banks have become one of the primary forces driving the ongoing gold bull market, which has seen prices double since late 2022 — a trend that accelerated following Russia's invasion of Ukraine. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
Yahoo
2 days ago
- Business
- Yahoo
Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows
Invesco Ltd. (IVZ), the fourth-largest ETF issuer, reported that assets in its business unit that includes exchange-traded funds leapt 32% during the second quarter, compared with the same quarter last year, as equity markets jumped. The unit's assets rose to $546.9 billion from $415.1 billion in last year's second quarter, the company said in a statement. Compared with this year's first quarter, assets swelled 11% from $491 billion. That business doesn't include results from Invesco's biggest fund, the $358.1 billion Invesco QQQ Trust (QQQ), which doesn't produce management fees due to its unit investment trust structure. As the S&P 500 gained 11% during the quarter, Invesco's ETF and index business generated $40.6 billion in market gains, nearly 12 times the $3.8 billion the business created during last year's second quarter. In this year's first quarter, the business suffered a loss of $10.9 billion as markets tumbled amid President Donald Trump ramping up a series of tariff battles with trading partners around the globe. The Atlanta-based company produces income from fees on the 242 ETFs it manages. QQQM Pulls in Big Money While QQQ doesn't generate fees, a copycat that does, the $55.1 billion Invesco NASDAQ 100 ETF (QQQM), pulled in a net $5.6 billion in flows during the quarter. The company said last week it aims to restructure QQQ as an open-ended fund and generate fees. The company highlighted 'Another strong quarter with annualized organic growth of +10% and continued market share gains with strength across geographies,' in a slide presentation. Overall, the ETF and index business's net inflows fell 23% to $12.6 billion from the first quarter and were little changed year over year. This was partially due to net outflows of $2.9 billion from the company's second-largest fund, the $73.9 billion Invesco S&P 500 Equal Weight ETF (RSP). That fund, which tracks an equal-weighted index of S&P 500 companies, charges a 0.2% management fee, compared with the passive, market-cap weighted, $701.8 billion Vanguard S&P 500 ETF (VOO), the world's largest ETF, which charges 0.03%. QQQM Second-Quarter Flows Source: and FactSet Data ETF Issuers Boosted by Market Gains Other publicly traded ETF issuers reported that second-quarter market gains boosted their businesses. The largest, Blackrock Inc. (BLK), last week said its iShares ETF franchise attracted $85 billion in net flows during the second quarter and ETF assets under management reached $4.7 trillion. Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 26% during the second quarter. WisdomTree Inc. (WT) is the final large ETF issuer set to report second-quarter earnings, which it will do Friday, July | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
2 days ago
- Business
- The Star
Fund giants put faith in ‘Trump put' to keep stock rally rolling
WASHINGTON: A cohort of the world's largest asset managers is leaning harder into the rally in risk assets as US stocks push to fresh highs, defying persistent trade and geopolitical tensions. Firms such as Invesco Ltd, Fidelity International Ltd and JPMorgan Asset Management are reinforcing bullish bets across technology shares from the United States to Asia as well as on emerging-market assets. The high-octane wager is that while President Donald Trump is threatening to disrupt the economic order anew, he will step back from the brink. That's helping justify risk exposure at a time when valuations are stretched and macro headwinds persist. In a market that rewards conviction and punishes caution, sitting out is starting to look like the riskiest position of all. 'People have really bought into this belief that there is a Trump put, that if markets correct or if US interest rates go up, Trump will back off as he did in April: that trade is on,' said Chang Hwan Sung, a multi-asset portfolio manager in Invesco's investment solutions team in Hong Kong. 'As we navigate through this uncertainty, we are very likely to become more pro-risk.' This shared conviction isn't just a general sense of optimism; it's a calculated bet that the inherent volatility of a second Trump term will ultimately yield to economic pragmatism. For these global fund managers, that translates directly into a still-resilient outlook for international trade and supply chains, powering everything from Indonesian local-currency bonds and South Korean chipmakers to US growth stocks. Invesco has boosted its US equity allocation ahead of second-quarter corporate earnings, which it anticipates will provide further support for stocks, Chang said. And while the asset manager is 'overweight' on US stocks, it sees even better prospects elsewhere. 'From what I see happening across the globe, we are very likely to be a bit more tilted towards non-US markets such as Europe and emerging markets,' Chang said. Invesco sees medium-term opportunities in South Korea due to optimism over the government's corporate-governance reforms. The nation's benchmark Kospi index has already gained more than 30% this year, making it one of the world's best-performing major equity gauges. Invesco is also adding to holdings of local currency emerging-market bonds in its cross-asset portfolios as it sees these deriving the most gain from expected US interest rate cuts, Chang said. 'For fixed income, we like high yielders like Indonesia and other high interest-rate countries because they will probably benefit the most,' he said. Fidelity favours shares in Taiwan due to the island's high concentration of technology firms, while it likes South Korean stocks for their inexpensive valuations. 'Taiwan is probably one of the best value ways to play the technology cycle upswing, and we see a good case for being overweight,' said Ian Samson, a multi-asset fund manager at the money manager in Singapore. 'If you look at graphics processing unit (GPU) exports from Taiwan, they're just off the charts; it's incredible,' he said, referring to GPU, a type of chip used to process digital images. Fidelity isn't universally positive on risk assets. The firm's cross-asset portfolios are turning bearish on investment-grade and high-yield US corporate bonds due to their low differential to Treasury yields and are buying gold as a hedge, Samson said. JPMorgan Asset says medium US tech stocks still have room to gain due to the market's optimism over artificial intelligence (AI). The tailwinds of AI demand will offer further support for mid-cap tech stocks in the United States, said Kerry Craig, an investment strategist at the company in Melbourne. 'That adoption of AI across the broader US and global economy still has room to run,' he said. Fidelity, Invesco and JPMorgan Asset aren't alone in recommending 'overweight' holdings of US equities. Goldman Sachs Group Inc this month increased its target for the S&P 500 Index, while HSBC Holdings Plc has recommended higher US stock allocations in its multi-asset portfolios. 'We are really leaning back into US equities,' said Max Kettner, multi-asset strategist at HSBC in London. Corporate profit reports will provide a catalyst for US stocks, given low expectations, he said. 'People are probably overestimating the negative impact of tariffs on margins and earnings, and they're underestimating the positive tailwind from the weaker dollar,' Kettner said. — Bloomberg
Yahoo
2 days ago
- Business
- Yahoo
Invesco's QQQ gambit seen unlocking $150M in revenue
(Bloomberg) — Invesco Ltd.'s move to convert its famed tech fund QQQ (QQQ) into an open-ended structure could translate into a $150 million yearly windfall for the asset manager. Chief Financial Officer Allison Dukes said on the company's earnings call Tuesday that transforming the Invesco QQQ Trust Series 1 from a unit investment trust into an ETF could benefit net revenue and adjusted operating income by about four basis points — or roughly $150 million, Bloomberg Intelligence estimates. In its current format, Invesco sees virtually none of the fee revenue that QQQ generates, but ETF conversion would allow the firm to reorder the revenue breakdown. While QQQ owners still need to vote to approve the change, the proposal has investors and analysts lining up behind the stock. TD Cowen upgraded the asset manager following last Thursday's proxy statement, while Evercore analyst Glenn Schorr wrote Tuesday that 'the move to collect fees on the Q's' should give shareholders a reason to feel optimistic about revenue trends going forward. And given that the revenue boost would come with little incremental cost, it's little wonder to see sentiment on the stock surging, according to Bloomberg Intelligence's Neil Sipes. 'If approved, the shift would lift fee-generating organic growth and boost earnings by about 10%, enhancing Invesco's capacity for balance sheet improvement and strategic investments, including M&A,' Sipes said. 'These are all welcome developments.' Invesco shares were up nearly 2% in early trading Wednesday, following a 5.2% jump Tuesday even though the firm missed estimates for second quarter inflows and earnings per share. That comes after Friday's torrid session, which saw the stock surge by more than 15% in its biggest one-day rally since 2022, in the wake of the company filing the proxy statement on Thursday evening. If approved, Invesco would lower QQQ's 0.2% expense ratio to 0.18%, according to the filing and earnings call. The firm has called a special meeting on Oct. 24 to hold the vote. A quorum of more than 50% of holders of outstanding voting shares is needed. That could be a very tall hurdle to clear, according to Todd Sohn of Strategas Securities. 'Getting the message out to act to the massive investor base of QQQ holders from the last 25+ years might be difficult,' said Strategas senior ETF strategist Sohn. 'People forget, messages fall through the cracks. Things slip all the time.' ©2025 Bloomberg L.P. Sign in to access your portfolio
