|Bid||15.31 x 3200|
|Ask||15.99 x 4000|
|Day's Range||15.56 - 15.96|
|52 Week Range||15.15 - 24.96|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||10.79|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.24 (7.80%)|
|1y Target Est||21.92|
Aug.20 -- Carson Block, chief investment officer and co-founder at Muddy Waters, explains the firm's short of Burford Capital Ltd. He speaks on "Bloomberg Markets." (Video expanded to include Burford Capital's response.)
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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(Bloomberg) -- Investors should stick with their stocks despite the sell-off this week because it would be harder to time the market and get back in, according to Brian Levitt, global market strategist for North America at Invesco.U.S. equities suffered one of the deepest sell-offs of the year on Wednesday as mounting signs of a global economic slowdown stoked fears of a recession. The slump came as a key portion of the bond curve inverted -- meaning short-term rates were higher than long-term yields -- an indicator that’s previously been a recession warning.“Long-term investors who broke from an investment plan this week because the yield curve briefly inverted will likely regret it,” Levitt said, adding that “I don’t think we’re going into a recession.”He cited factors that may push stocks higher, including his expectation of a September rate cut by the Federal Reserve. The S&P 500 index will probably end the year around 2,900, slightly ahead of the close on Friday.Low Rates?“We’re in a growth starved world with no inflation and interest rates that will stay low for a long time,” he said, reiterating his prediction in 2010 that interest rates will stay low “for the rest of our careers.”Levitt isn’t alone in making the call for investors to stay in stocks. Mariann Montagne, a fund manager at Gradient Investments, which oversees $2.3 billion, said earlier this week that it may be quite awhile before a recession hits, and “we have a lot of money to make between now and then.”Still, others are raising concerns about growth prospects. The U.S. and world economies are at their riskiest moment since the 2008 global financial crisis as trade tensions escalate, former Treasury Secretary Lawrence Summers said on CNN last weekend. Goldman Sachs Group Inc. also said fears of a U.S. recession have risen with the trade war. The University of Michigan’s confidence index slumped in August to a seven-month low.“We have been calling to take profits and recalibrate for some time,” Tuan Huynh, chief investment officer for Asia-Pacific at Deutsche Bank Wealth Management, said in a Bloomberg Television interview earlier in the week. “Even though the market seems to recover in the short term, we are not ready yet to redeploy the cash we took out from the equity market some weeks ago.”For Levitt, a memory from when he was 11 still serves as his guide to stay put amid volatility. After the Black Monday sell-off in 1987, his father had come home and said the stock market lost almost a quarter of its value in one day. A $100,000 investment that Monday morning would only be $75,000 by dinner time -- but that would be worth $2 million if it was held until today, he said.“The 1987 story is to suggest that even in a really bad event, investors were better served staying the course,” he said. “Once investors break from the plan they make it very difficult for themselves.”(Adds University of Michigan confidence index in second section)To contact the reporter on this story: Hailey Waller in New York at email@example.comTo contact the editors responsible for this story: James Ludden at firstname.lastname@example.org, Linus Chua, Matthew G. MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war. U.S. money manager Invesco Ltd - for which Ross was a senior executive from 2006 until he joined Trump's cabinet in February 2017 - has become the top foreign manager of Chinese money in China over the past year through its joint venture Invesco Great Wall Management, according to research firm Z-Ben Advisors, leaping ahead of Switzerland's UBS . It is an unlikely success story that Invesco executives say has nothing to do with government policy, but is instead rooted in the company's decades' worth of relationships in China.
The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war. U.S. money manager Invesco Ltd - for which Ross was a senior executive from 2006 until he joined Trump's cabinet in February 2017 - has become the top foreign manager of Chinese money in China over the past year through its joint venture Invesco Great Wall Management, according to research firm Z-Ben Advisors, leaping ahead of Switzerland's UBS. It is an unlikely success story that Invesco executives say has nothing to do with government policy, but is instead rooted in the company's decades' worth of relationships in China.
TORONTO , Aug. 13, 2019 /CNW/ - In response to client demand, Invesco today launched Invesco Portfolios (the Portfolios), a new suite of investment solutions, developed and managed by the Invesco Investment Solutions team. The Portfolios invest in a mix of both actively-managed mutual funds and passive, factor-based exchange traded funds (ETFs) across varying asset classes.
Victory Capital's (VCTR) Q2 results reflect higher assets under management and prudent cost management, partially offset by lower revenues.
ATLANTA , Aug. 12, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,198.7 billion , an increase of less than 0.1%. The increase was ...
Franklin Resources' (BEN) preliminary assets under management (AUM) of $709.5 billion for July slip marginally from the prior month, unfavorably impacted by net outflows.
On August 1, 2018, Invesco Advisers, Inc. ("Invesco") announced that the Board of Trustees of the Trust approved a managed distribution plan (the "Plan") for the Trust, whereby the Trust will pay common shareholders a stable monthly distribution. Under the Plan, the Trust increased its dividend to a stated fixed monthly amount based on a distribution rate of 8.5% of the closing market price per share as of August 1, 2018, which is the date the Plan became effective. The Trust's distributions may include net investment income, long-term capital gains, short-term capital gains and/or return of capital.