What Happened?
Shares of asset management firm Invesco (NYSE: IVZ) jumped 3.7% in the afternoon session after the company reported a 3.0% increase in its assets under management (AUM) for September, showing strong investor confidence.
The firm's total AUM reached $2,124.8 billion, a growth driven by $11.9 billion in net long-term inflows and favorable market returns. This performance exceeded some expectations, with analysts at TD Cowen noting the inflows were three times what they had anticipated. The strong results were attributed to the performance of ETF products and healthy volumes in the China and India markets.
The shares closed the day at $23.28, up 3.5% from previous close.
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What Is The Market Telling Us
Invesco’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was about 2 months ago when the stock gained 4.5% on the news that the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Invesco is up 32% since the beginning of the year, and at $23.29 per share, it is trading close to its 52-week high of $24.13 from October 2025. Investors who bought $1,000 worth of Invesco’s shares 5 years ago would now be looking at an investment worth $1,684.
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