|Bid||20.58 x 2200|
|Ask||20.59 x 900|
|Day's Range||20.52 - 20.93|
|52 Week Range||15.38 - 27.59|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||10.48|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.24 (5.98%)|
|1y Target Est||22.69|
UK hedge fund manager Lansdowne Partners is suffering from its investments in several companies favoured by Neil Woodford, as the spotlight turns on its ability to exit even some of its listed holdings. Lansdowne and Woodford Investment Management, along with Mr Woodford’s former employer Invesco, are among the largest shareholders in a clutch of small British companies. As Mr Woodford embarks on a fire sale of assets in a bid to meet redemption requests from his suspended Equity Income fund, attention is turning to other large shareholders of companies in which he holds big stakes that may be caught if valuations slide.
The market’s most stable group—currently filled with utilities, financials, and real estate names—are well known for outperforming during the down market. They’re outperforming in this up market too.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]
Firms that manage closed-end funds agree that regulatory proposals that would force managers to disclose more information to investors including factors affecting performance as well as investment strategies could be beneficial, but disagree on whether regulators should dictate what specific data is shared. As part of the Securities and Exchange Commission’s (SEC) “Securities offering reform for closed-end investment companies,” the regulator is proposing to modify the registration, communication and offering process for business development companies (BDCs) and closed-end funds. In comment letters sent this month to the SEC, asset manager Nuveen argued that it would be appropriate to extend more in-depth disclosure requirements to closed-end funds, as did investment firm Invesco and the Investment Company Institute (ICI), a global association of mutual funds and exchange-traded funds (ETFs).
Invesco Ltd NYSE:IVZView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for IVZ with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 10. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding IVZ are favorable, with net inflows of $8.17 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ATLANTA , June 17, 2019 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) today announced that its Board of Directors declared quarterly dividends on shares of its common stock and Series A preferred ...
ATLANTA, June 14, 2019 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (IVZ), announced today plans for tender offers for Invesco Dynamic Credit Opportunities Fund (NYSE:VTA), Invesco High Income Trust II (NYSE:VLT) and Invesco Senior Income Trust (NYSE:VVR) (each, a "Fund" and collectively, the "Funds"). Invesco Dynamic Credit Opportunities Fund's Board of Trustees has approved the commencement (subject to certain conditions) prior to January 1, 2020, of a cash tender offer for up to 15% of the Fund's outstanding common shares of beneficial interest at a price per share equal to 98.5% of the Fund's net asset value ("NAV") per share.
T. Rowe Price's (TROW) preliminary assets under management (AUM) of $1.07 trillion for May reflect 3.6% a drop from the prior month.
Legg Mason's (LM) assets under management (AUM) fall 1.3% sequentially in May on account of decrease in liquidity and equity AUM.
Lazard's (LAZ) preliminary assets under management decline sequentially in May 2019 on account of unfavorable markets and foreign exchange depreciation.
(Bloomberg) -- Crystal Amber Fund Ltd., the U.K. activist investor run by Richard Bernstein, is seeking to replace the board of technology incubator Allied Minds Plc after management rebuffed an attempt to discuss the company’s strategy.Crystal Amber, which has criticized Allied Minds’s executive compensation, is considering calling a shareholder meeting to oust the company’s current directors, Bernstein said in a phone interview Wednesday. The investment firm was due to speak to the joint chief executive officers of Allied Minds on Wednesday but the call was canceled, he said.Allied Minds’s past compensation packages have rewarded executives for good performance without penalizing them for bad investments, Bernstein said. The company has lost about 89% of its value since the stock’s peak in 2015, giving it a market value of 191 million pounds ($244 million).“If the new CEOs won’t talk to us, then we will probably have a conversation with all the group’s shareholders,” Bernstein said. “I want to remove the board and replace it with one person with a history of successful orderly realization of assets and return of capital.”Neil Pizey, head of corporate development at Allied Minds, declined to comment. The company said in April it will cease new investments and focus on maximizing shareholder returns from monetizing its existing portfolio.Having a single person on the board overseeing the company’s divestments would be much more efficient than the current setup, Bernstein said in the interview. The fund currently owns 4.8% of Allied Minds, according to Bernstein. It needs 5% in order to requisition an extraordinary general meeting of shareholders.Embattled U.K. fund manager Neil Woodford, who recently froze redemptions at his flagship fund, is Allied Minds’s second-biggest shareholder with a 23% stake, according to data compiled by Bloomberg. The stock picker’s former long-time employer, Invesco Ltd., owns nearly 24%, the data show.Earlier this week Allied Minds appointed Chief Financial Officer Joseph Pignato and Michael Turner, its general counsel, as co-CEOs. Allied Minds also announced it would scrap its long-term incentive plan and cancel awards planned for issuance in May. Executives will keep past awards, most of which are tied to relative total shareholder return and are worthless at the current share price, Allied Minds said.To contact the reporter on this story: David Hellier in London at email@example.comTo contact the editors responsible for this story: Shelley Robinson at firstname.lastname@example.org, Ben Scent, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TIER REIT, Inc. , with global real estate investment manager Invesco Real Estate and Austin-based Cielo Property Group, announced today it has completed the sale of Third + Shoal, a newly-developed, 100% leased, Class AA office tower in Austin’s CBD.
ATLANTA , June 11, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,159.3 billion , an increase of 18.9%. The increase was driven ...
(Bloomberg Opinion) -- Don’t let the rise of passive investing obscure the fundamental advantages of diversification. In our Masters in Business interview, Sharon French explains why active and passive approaches can complement each other in a portfolio.French will soon take the reins at American International Group Inc.’s life and retirement funds business, which manages more than $85 billion in assets. In her last job, she was director of beta solutions at Invesco Advisers Inc.'s Oppenheimer Funds, and ran the environmental, social and government effort there as well. Her approach is to use exchange-traded funds to create a portfolio that is anchored in low-cost, passive indexes. But at the same time, it employs other approaches ranging from fundamental weighted to quantitative analytics. This style diversification should lead to more balanced volatility and better risk-adjusted returns.French has spent the better part of her career on the ETF side, focusing primarily on enhanced indexes, which cover a full spectrum of noncapitalization-weighted indexes. She also worked at BlackRock Inc. as the head of private client and institutional sales.She is president of the Global Governance Committee for Women in ETFs and a member of the Investment Company Institute’s ETF governance committee.Her favorite books are here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Bloomberg, Overcast and Stitcher. All of our earlier podcasts on your favorite host sites can be found here.Next week we speak with Jonathan Stein, co-founder and chief executive officer of robo-adviser Betterment LLC,To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Franklin Resources' (BEN) preliminary assets under management (AUM) of $695 billion for May down 3.5% from the prior month, affected by market losses.
Invesco President and CEO Martin Flanagan sat down for a June 3 interview with Atlanta Business Chronicle.
In January, China's central bank initiated a stimulus program to counteract its slowing economy, while the European Central Bank and US Federal Reserve later indicated they would not raise interest rates for the remainder of 2019. Lack of consensus on a deal for the UK's withdrawal from the European Union prompted additional concerns for UK and Eurozone economies, though equity markets across the region posted gains. Warning! GuruFocus has detected 2 Warning Signs with MOR.
A couple of ETFs that withstood the May market swoon with remarkable resilience joined IBD's screen of the best ETFs.