Invesco Financial News

Mutual Fund returns calculation: Mid Cap funds have emerged as one of the most popular mutual fund categories for investors seeking high returns over the long term. And almost all mid-cap funds have not disappointed their investors in this regard.

Best-Performing Small Cap Mutual Fund Schemes in 1 year (till July 6, 2023): Direct plans of most of the small-cap mutual fund schemes have given over 25% annualised returns in one year. Data on AMFI’s website at the time of writing shows that direct plans of as many as four small-cap funds have given 40% or more returns in one year. The top-performing scheme has given 45% returns.

Bitcoin consolidated at $30,000 throughout the past week. It currently remains near the strong resistance level of $31,000, with neither bulls or bears taking control in the larger time frame. To gain momentum, buyers must restore the rate to the $31,200 zone, potentially leading to a breakout above the $31,458 resistance level. This indicates that the bulls are not rushing to secure profits, as they expect further upward movement. Bulls have shown increased interest in Bitcoin recently, driven by the positive investor sentiment, which has been fueled by notable financial institutions such as BlockRock, Fidelity, Invesco, and WisdomTree filing for Bitcoin ETFs. However, the US Securities and Exchange Commission (SEC) said these filings were inadequate last Friday, citing a lack of clarity and the need for additional information before reconsidering approval. Despite this news, BTC has maintained a positive stance well above the $30,000 level. BTC's support level currently stands at $29,500. This week will feature significant economic events in the US, including the release of the FOMC minutes for June on Wednesday, the job openings report on Thursday, and new employment numbers on Friday, which may introduce some market volatility. Meanwhile, Ethereum is trading in close proximity to the $2,000 level. Its price has gained momentum above $1,920, with immediate resistance found near $1,960 and then $2,000. Failing to surpass these resistance levels could initiate a downward correction. The current support level for Ethereum rests at $1,930.

Top Performing Large Cap Mutual Funds in 1 year (till July 4, 2023): Several large cap mutual fund schemes have over 20% returns in one year. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing shows that direct plans of as many as 20 large-cap schemes have given over 23% returns in this duration.

A consolidated tape would combine multiple sources of trading data into a single information stream

Fidelity Investments is the latest financial services heavyweight to throw its name into the race to offer the first U.S. exchange-traded fund investing directly in bitcoin. 

Michael Oliveros (pictured) has joined the firm from M&G.

The large cap schemes are benchmarked against Nifty 100 -TRI and S&P BSE 100 -TRI. During the first six months of 2023, the benchmarks — Nifty 100 -TRI and S&P BSE 100 -TRI offered 5.15% and 7.07% respectively. That means, the large cap category managed to outperform Nifty 100-TRI but offered almost similar returns to S&P BSE 100-TRI.

benchmark yield posting its biggest fall since 2020, as the Reserve Bank of India paused its rate hiking cycle and lifted investor demand for fixed income securities. The benchmark 7.26% 2033 bond yield ended at 7.1166%, dropping 20 basis points for the first quarter of the financial year and also posting its biggest fall since the three months ending June 30 2020, when it witnessed aggressive policy easing.

Bitcoin Cash (BCH) has displayed remarkable strength in recent days, surging by 30% within a week. 

The competition to launch a spot bitcoin exchange-traded fund (ETF) in the US has intensified with Invesco and WisdomTree filing submissions with the Securities and Exchange Commission for their own bitcoin ETFs. 

The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally.

Fidelity, Invesco, Lazard, Pimco and GAM are among the asset managers whose holdings in Credit Suisse bonds have been wiped out, as lawyers line up potential claims following the bank's landmark acquisition by UBS.

Friday, February 24th, 2023 – Starting this week, C+Charge (CCHG), an EV charging solution powered by blockchain technology, has begun to burn all tokens that remain unsold during the current stage of their ongoing project presale.

When BlackRock axed 500 jobs in January, analysts predicted it would spark job cuts across the sector as fund houses look to save costs after a tough 2022.

The Invesco Metaverse Fund is an actively-managed equity investment vehicle, that will focus on what Invesco calls the 'metaverse value chain'.

Invesco has set its sights on growing its exchange traded fund business in Europe by almost 50% over the next two years, despite a “lost year” of growth.

The Invesco Metaverse Fund is an actively-managed equity investment vehicle, that will focus on what Invesco calls the 'metaverse value chain'.

Invesco, the $1.4tn US asset manager that launched one of Europe’s first bitcoin products, predicts that a “crypto spring” will spur professional investors back into digital assets.

A recent trend in the exchange-traded funds market suggests bond demand is far from cooling.

Paul McInerney was among the  thousands of retail investors who backed Neil Woodford some eight years ago, when the star UK fund manager readied his departure from Invesco Perpetual to set up his own venture.