Company Overview

Invesco Ltd is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. The firm was formerly known by several other names, including Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Founded in 1935, Invesco Ltd is headquartered in Atlanta, Georgia, with an additional office in Hamilton, Bermuda.

With offices spanning over 20 countries, Invesco managed \$1.85 trillion in assets on behalf of clients worldwide as of December 31, 2024. By the end of July 2025, Invesco's Assets Under Management (AUM) reached \$2.025 trillion, positioning it among the second-largest tier of US-based asset managers, alongside firms like Pimco and Capital Group.

The company's distinctive investment teams offer a comprehensive range of active, passive, and alternative investment capabilities. Invesco serves a diverse client base that includes retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

Investment Services & Products

Invesco offers a comprehensive suite of investment products and services:

- Mutual Funds: The firm launches equity, commodity, fixed income, multi-asset, and balanced mutual funds.

- Exchange-Traded Funds (ETFs): Launches equity, fixed income, multi-asset, and balanced ETFs.

- Private Funds: Manages and launches private investment funds.

- Separate Accounts: Manages client-focused equity and fixed income portfolios.

Invesco provides investment-management services to retail clients (representing 68% of managed assets) and institutional clients (32%). As of the end of July 2025, the firm held \$2.025 trillion in assets under management, diversified across its operations: equity (60% of AUM), balanced (3%), fixed-income (21%), alternative investment (6%), and money market (10%).

Global Presence & Market Position

Invesco maintains a significant presence outside of North America, with 30% of its AUM sourced from Europe, Africa, and the Middle East (15%) and Asia (15%). Invesco's US retail business ranks as one of the 10 largest non-proprietary fund complexes in the country.

Financial Performance

Q4 2024 Results (as of December 31, 2024)

- Assets Under Management: \$1.85 trillion in assets managed on behalf of clients worldwide as of December 31, 2024.

- Net Long-term Inflows: Recorded \$25.6 billion of net long-term inflows for the quarter, primarily driven by ETFs and APAC Managed.

- Annual Inflows: Achieved \$65.1 billion of net long-term inflows for the full year 2024, primarily driven by ETFs, APAC Managed, Fundamental Fixed Income, and Private Markets.

- AUM Growth: Ended the quarter with \$1.85 trillion in AUM, marking a 2.8% increase from the prior quarter and a 16.4% rise from the prior year-end.

- Operating Margins: Reported a 19.6% operating margin in Q4 2024, with an adjusted operating margin of 33.7%.

Q3 2024 Performance Highlights

- Net Long-term Inflows: \$16.5 billion, predominantly from ETFs and Index, Fundamental Fixed Income, and Multi-Asset/Other segments.

- Record AUM: Ending AUM reached a record high of \$1.8 trillion, an increase of 4.7% from the prior quarter.

- Earnings: The company reported a diluted EPS of \$0.12 and an adjusted diluted EPS of \$0.44.

Financial Strength & Capital Management

Invesco maintains a strong balance sheet, with a zero balance on its credit facility and \$1 billion in cash and cash equivalents. The company actively returns capital to shareholders through share repurchases, notably repurchasing 1.4 million common shares for \$25 million during the quarter.

Investment Strategy & Approach

The firm employs absolute return, global macro, and long/short strategies, utilizing quantitative analysis for its investment decisions. For equity investments, Invesco focuses on growth and value stocks across large-cap, mid-cap, and small-cap companies.

The fixed income strategy encompasses investments in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also includes investments in short-term and intermediate-term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities.

Market Capitalization & Stock Information

Based on recent market data, Invesco's Market Capitalization varies across sources. CNBC reports \$10.003B, while other indications range from \$6.11B to \$9.81B, reflecting the dynamic nature of market valuations.

Investment Performance

Invesco's overall investment performance is not consistently in the top quartile, with 67% and 68% of managed assets outperforming peers on a three- and five-year basis, respectively, as of the end of the second quarter of 2025. Nevertheless, the firm remains focused on improving investment outcomes and operational efficiency.

Invesco Ltd continues to be a significant player in the global asset management industry. Its diversified platform, extensive geographic reach, and comprehensive product offerings position it well to serve a wide range of institutional and retail clients across multiple markets and investment strategies.