Invesco Ltd. (IVZ)

Invesco Ltd. is an independent investment management firm organized under the laws of Bermuda, with common shares listed on the New York Stock Exchange under the symbol "IVZ." The company offers a range of active, passive and alternative investment capabilities and builds solutions aimed at client outcomes. As of December 31, 2025, it managed approximately $2.2 trillion in assets for investors worldwide. It has about 7,500 employees and an on-the-ground presence in more than 20 countries. Substantially all of its revenues come from investment management contracts, with fees varying by asset type: higher on actively managed equity and balanced accounts, real estate and other alternatives, and lower on fixed income, money market, stable value and ETFs.

Its asset classes include equity, fixed income, balanced, alternatives and money market. By investment capability, AUM at year-end 2025 comprised ETFs and Index ($630.2 billion), QQQ ($407.2 billion), Fundamental Fixed Income ($311.5 billion), Fundamental Equities ($298.4 billion), Global Liquidity ($189.7 billion), the China joint venture ($132.5 billion), Private Markets ($130.7 billion) and Multi-Asset/Other ($69.7 billion). Institutional offerings range from active, passive and quantitative equities and fixed income, including money market funds, to multi-asset solutions and alternatives such as real estate, private credit and absolute return strategies. Invesco Great Wall Fund Management Company, its joint venture in China, is one of the largest asset managers in that market.

Invesco serves retail and institutional clients in more than 120 countries across the Americas, EMEA and APAC. By domicile, AUM was $1,492.4 billion in the Americas, $356.5 billion in EMEA and $321.0 billion in APAC. Retail AUM of $1,515.7 billion comes from public funds and is distributed mainly through third-party intermediaries, including wirehouses, direct wealth platforms, broker-dealers, insurers, banks, financial planners and independent advisors, with growing digital channels. Institutional AUM of $654.2 billion comes from corporations, insurers, endowments, foundations, governments, universities, charities, unions, pension funds, financial institutions and sovereign wealth funds. Its institutional money market funds serve large financial institutions, governments and companies.

The company runs as an integrated global investment manager, with dedicated retail and institutional sales forces and regional teams distributing its strategies. It competes with investment managers, commercial and investment banks, broker-dealers, hedge funds, insurers and, increasingly, technology providers. It cites its independence, its globally diverse investment teams and its breadth of capabilities as competitive strengths. Its investment management contracts are generally terminable on thirty or fewer days' notice. Risk is overseen by a Global Investment Risk and Performance Committee and an Enterprise Risk Management Committee, under Board oversight. Its employees are not covered by collective bargaining agreements.