Invesco Financial News

Suzlon Energy emerged to be mutual funds' favourite in August, with their holding in the company surging by a whopping 357% on a month-on-month (MoM) basis. The fund houses added over 50 crore shares of the stock last month, taking their overall holding to 64.71 crore shares. The number of shares held by mutual funds in July stood at 14.09 crore, according to data sourced from ACE MF. As many as 64 mutual funds held Suzlon Energy in their portfolio at the end of August with the combined market value of their stake at Rs 1,567 crore. The shareholding data till August suggests a sustained buying activity by mutual funds.

West re-joined Invesco in 2014 after leaving in 2003.

Gavin Ward joined Carmignac in September 2023 from Invesco, where he had worked since 2014 and most recently as head of discretionary clients.

bond market at record-breaking pace made one thing clear: They don’t expect rates to stay elevated for long. More than $110 billion in bonds sold globally this week, the busiest start to September on record, with issuance heavily skewed to debt due in under 10 years. The barrage was led by investment-grade issuers, teeing up a wave of junk, including billions of dollars in buyout funding. “Companies don’t really want to lock in these high yields for a very long time if they can avoid it,” said Matt Brill, head of North America investment-grade credit at Invesco Ltd., which manages $1.5 trillion in assets. Prospects of a soft landing in the US and hopes that central banks will soon be able to slow their tightening campaigns make longer-dated debt more attractive to investors.

Top Performing Mid Cap Mutual Funds in 1 Year: Several Mid Cap Mutual Fund schemes have given over 20% returns in 1 year till September 5, 2023, according to data on the website of the Association of Mutual Funds in India. Data shows that the direct plan of 11 mid-cap schemes has given over 23% returns while the top-performing scheme in the one-year duration till September 5 has given 33% return.

Top Performing Small Cap Mutual Funds in 1 Year: Several Small Cap Funds have given over 30% returns in 1 year till September 6, 2023, according to data on the website of the Association of Mutual Funds in India (AMFI). Data shows that the direct plans of 9 small-cap funds have given more than 29% returns in one year while four funds have given a little over 28% return in this duration. The top-performing small cap fund in the one year till September 6 has given a 39.25% return to investors.

ICICI Securities, JP Morgan and is looking to raise around $1 billon. It has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, according to Reuters.

The Invesco UK Opportunities fund and Invesco UK Enhanced Index fund have not been rated by RSMR before, with the firm praising both funds for their track records.

According to the FT, Murray Roos, head of capital markets at the LSE Group, spoke to it had decided to press forward with the venture after 12-months of internal debate on the potential for a blockchain-powered trading venue.

According to the FT, Murray Roos, head of capital markets at the LSE Group, spoke to it had decided to press forward with the venture after 12-months of internal debate on the potential for a blockchain-powered trading venue.

Stocks faced a few hurdles in August, but some would argue that it came at an opportune moment.

Fresh off a pivotal win in court this week, Grayscale Investments LLC may soon find itself in another fight: the $7.5 trillion US exchange-traded industry’s never-ending contest over fees.

The Securities and Exchange Commission delayed making a decision again on whether to approve the first U.S. exchange-traded fund that invests directly in bitcoin, disappointing advocates just days after a court ruling that was viewed by many as clearing a path for the long-awaited product. 

₹947 crore ($114.7 million), news agency Reuters quoted exchange data. Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals, the report added. According to the data from the National Stock Exchange, the firms who bought Zomato shares include International Monetary Fund, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs (Singapore), Invesco Mutual Fund and Kotak Mahindra Life Insurance.

SoftBank sold a partial stake in food delivery platform Zomato through bulk deals on Wednesday. The transaction was done at Rs 94.7 apiece, taking the deal value to Rs 947 crore. According to exchange data, SoftBank Vision Fund has offloaded 10 crore shares or 1.17% stake in the company as the lock-in for the post-Blinkit deal ended this week.

IPO listing date has been fixed on August 31. Aeroflex Industries raised ₹351 crore from the initial share sale. The current trends in the grey market indicate a strong listing for Aeroflex Industries shares on BSE and NSE.

SEC) wrongly rejected an application from crypto asset manager Grayscale Investments to list an exchange-traded fund that tracks the price of bitcoin. The case is being closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. They say it would allow investors to gain exposure to bitcoin, the world's largest cryptocurrency, without having to own it. The SEC, though, worries spot bitcoin ETFs will be vulnerable to manipulation.

₹24,500 crore. Together, the Pre-IPO and IPO of Aeroflex raised ₹426 crores for the company and its corporate promoter, Sat Industries Ltd.

By Hannah Lang

Tribeca Investment Partners is set to extend its dominance from resources stocks to infrastructure names, as it reels in a big-ticket Asian sovereign wealth fund with a freshly minted fund.

Aeroflex Industries Ltd on Monday said it has collected close to Rs 104 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Societe Generale, Winro Commercial India Fund Ltd, Universal Sompo General Insurance Company Ltd, Nippon India Mutual Fund, WhiteOak Mutual Fund, Bank of India Mutual Fund and Invesco Mutual Fund are among the anchor investors. The IPO consists of a fresh issue of equity shares worth up to Rs 162 crore and an Offer for Sale (OFS) of up to 1.75 crore equity shares by promoter Sat Industries. At present, promoter and promoter group members own over 91 per cent stake in the company. The maiden public issue, a price band of Rs 102-108 a share, will open for subscription on August 22 and conclude on August 24.