Invesco

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Template:Short description Template:Use dmy dates Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters". Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange.[1] Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

History

Invesco (then officially spelled with all-capital letters: INVESCO) was founded in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations.[2] In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name.[3] In 1997 INVESCO PLC merged with AIM Investments.[4] Upon completion of the merger the company adopted the name Amvescap.[5] In 2007 the company reverted to the Invesco name.[6]

Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co.[4]

In 2004, the company agreed to a $450 million settlement with the Attorneys General of New York, Colorado and the SEC after allegations of improper trading practices.[7]

In May 2007 the company changed their name to Invesco (initial cap only) PLC, moved its primary stock market listing from the London Stock Exchange to the American NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd.[8] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 Index.[9] In November 2007, Invesco moved its headquarters from London to Atlanta.[2]

Invesco planned to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market).[10][11] This fund was closed in 2010.[12]

On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.[13]

In April 2010, Invesco Aim became Invesco. Later that year, it was reported that Invesco had plans to introduce a Risk parity commodity fund according to regulatory filings.[14]

In December 2013, Invesco reported assets under management (AUM) of $778.7 billion[15]

In September 2017, Invesco agreed to buy Guggenheim Investment's exchange-traded fund business for $1.2 billion in cash.[16]

On October 18, 2018, Invesco purchased OppenheimerFunds from MassMutual for about $5.7 billion in stock.[17]

In March 2020 amid a major stock market crash triggered by the COVID-19 pandemic, Invesco Mortgage Capital Inc., a branch handling Real Estate Investment Trusts, announced they were unable to cover margin calls due to dramatic devaluations and investors selling shares.[18] The company also announced they would delay dividend payments.Script error: No such module "Unsubst".

In February 2025, a group of 17 U.S. state attorneys general criticized Invesco for making improper or inadequate disclosures about investments in China.[19]

Financial statistics

Year Ending Operating Revenue Net Income AuM Employees
31 December 2023 $5,716.4 million $−333.7 million $1,585.3 billion[20] 8,489
31 December 2022 $6,048.9 million $683.9 million $1,409.2 billion[21] 8,611
31 December 2021 $6,894.5 million $1,393.0 million $1,610.9 billion[21] 8,513
31 December 2020 $6,145.6 million $524.8 million $1,349.9 billion[22] 8,512
31 December 2019 $6,117.4 million $564.7 million $1,226.2 billion[22] 8,821
31 December 2018 $5,314.1 million $882.8 million $888.2 billion[23] 7,459
31 December 2017 $5,160.3 million $1,127.3 million $937.6 billion 7,030
31 December 2016 $4,734.4 million $854.2 million $812.9 billion 6,790
31 December 2015 $5,122.9 million $968.1 million $775.6 billion[24] 6,490
31 December 2014 $5,147.1 million $988.1 million $792.4 billion[25] 6,264
31 December 2013 $4,644.6 million $940.3 million $778.7 billion[26] 5,932
31 December 2012 $4,177.0 million $677.1 million $687.7 billion[27] 6,128
31 December 2011 $4,092.2 million $729.7 million $625.3 billion[28] 6,162
31 December 2010 $3,487.7 million $465.7 million $616.0 billion[29] 5,617
31 December 2009 $2,673.3 million $322.5 million $423.1 billion[30] 4,890
31 December 2008 $3,307.6 million $481.7 million $357.2 billion[31] 5,325
31 December 2007 $3,878.9 million $673.6 million $500.1 billion[32] 5,475
31 December 2006 $3,246.7 million $482.7 million $462.6 billion[33] 5,574
30 December 2005 $2,872.6 million $219.8 million $386.3 billion[34] 5,798

References

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External links

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  14. ↑ Wall Street Journal, Oct 2 2010, How Risky Are Those Low Risks Funds? Eleanor Laise
  15. ↑ Script error: No such module "citation/CS1".
  16. ↑ Script error: No such module "citation/CS1".
  17. ↑ Script error: No such module "citation/CS1".
  18. ↑ Patricia Clark (March 24, 2020). Invesco Mortgage Capital Warns It Can’t Fund Margin Calls, Yahoo Finance, accessed 24 March 2020
  19. ↑ Script error: No such module "citation/CS1".
  20. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named 10K
  21. ↑ a b Script error: No such module "citation/CS1".
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  24. ↑ Invesco 2015 Form 10-K Filing
  25. ↑ Invesco 2014 Form 10-K Filing
  26. ↑ Invesco 2013 Form 10-K Filing
  27. ↑ Invesco 2012 Form 10-K Filing
  28. ↑ Invesco 2011 Form 10-K Filing
  29. ↑ Invesco 2010 Form 10-K filing
  30. ↑ Invesco 2009 Form 10-K Filing
  31. ↑ Invesco Form 2008 10-K Filing
  32. ↑ Invesco 2007 Form 10-K Filing
  33. ↑ Invesco 2006 Form 20-F Filing
  34. ↑ Invesco 2005 20-F Filing
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