Invesco Financial News

mutual funds have offered a negative average return of around 13.34% in the last three months. Five PSU mutual funds have marked their presence in the market over the last three months. Quant PSU Fund lost the most of 17.68% in the last three months. CPSE ETF, the largest PSU fund based on assets managed, delivered a negative return of around 14.85% in the mentioned period.

Mid cap funds have offered an average return of 32.23% in 2023. That could explain why investors are anxious about their investments. What should investors do?

The largest active ETF provider in Europe has listed the JPMorgan US Equity Premium Income Active UCITS ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income Active UCITS ETF (JEPQ) on the London Stock Exchange today (6 November). JEPI and JEPQ have been popular among US ETF investors since their US launches in May 2020 and May 2022, respectively.  With $36.6n in assets under management, the US-domiciled version of JEPI is currently the largest active ETF globally, while JEPQ holds $17.6bn in assets as of 24 October.  Invesco unveils trio of future-focused thematic ETFs The two p...

Asia Dragon began the hunt for a new manager in May as it underwent a strategic review launched over the vehicle's weak performance. Asia Dragon trust hunts for potential new manager months after merger At the time, the board said it was «interested to consider proposals from established fund management groups» with experience of similar equity strategies, and in an update today (28 October), said it has received interest from a «large number» of prospective firms. On the Invesco Asia team, abrdn said it was «impressed by the distinctive and disciplined value-oriented investment ap...

According to Diversity Project's 2022-2024 Impact Report, 27 out of 60 women from across 33 companies were promoted after taking part in the 2023 first edition of the programme, with 13 of the promotions being to a portfolio manager or investment decision-making role. Invesco, one of the contributors to the programme's development and delivery, has reported that four of its 17 participants in the programme received promotions. Diversity Project launches third Pathway Programme with track for traders Of these, two were promoted to new roles, one moved into a position with greater re...

mutual funds now hold stocks worth more than $8 billion, or almost Rs 69,000 crore, in a dozen new-age companies including Zomato, Paytm, PB Fintech, Nykaa, Delhivery and Mamaearth on account of the rising valuations of some of these companies and many of them having gone public in recent years. The value of startup holdings by mutual fund companies such as ICICI Prudential, Axis Mutual Fund, Kotak Mutual Fund, HDFC Mutual Fund, Nippon Mutual Fund, Invesco India and Mirae Asset Mutual Fund was $2.7 billion a year ago, but only with six companies versus 12 now, calculations made by ET show. Besides the steady climb in stock prices that companies such as Gurgaon-based Zomato and Policybazaar-parent PB Fintech have witnessed in the last year, a clutch of new-age companies doing their initial public offerings (IPO) has led to the increased exposure by domestic mutual funds to this asset class.

In the latest index, covering the third quarter of 2024, the number of passive funds has risen by four while the number of active funds has declined from 24 to 20.  Passive funds took the top three spots in the list, with L&G Global Technology Index trust, Vanguard S&P 500 ETF and Vanguard LifeStrategy 80% Equity on the podium. The Invesco EQQQ Nasdaq 100 ETF was the biggest mover, climbing 12 places from 23rd to 11th place. Kyle Caldwell, funds and investment education editor at interactive investor, said ETFs were an «increased area of focus» in the third quarter, noting that the...

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

Invesco increased the fair value of public markets-bound online food delivery company Swiggy in its books to $13.3 billion as of July 31, according to a regulatory filing made with the US Securities and Exchange Commission. At the same time, the investor reduced the valuation of fintech firm Pine Labs to $3.3 billion. The valuation ascribed to Swiggy by Invesco was 24% higher than the $10.7 billion value at which the asset management firm invested in the company in January 2022. As of April 30, Invesco valued Swiggy at $12.7 billion. Invesco is not participating in the offer for sale (OFS) component of Swiggy’s upcoming initial public offering (IPO). The Bengaluru-based company has filed an updated red herring prospectus for its public issue through which it is looking to raise Rs 3,750 crore in fresh capital and OFS of up to 185.3 million shares.

My wife is 35 years old and has been working for 13 years. She is planning to quit work and will receive a sum of Rs 3 lakh as gratuity. She has a high risk appetite. Can you suggest some mutual funds or stocks for investing this amount? Also, will the gratuity be taxable? Rushabh Desai, Founder, Rupee With Rushabh Investment Services: Given your wife’s age, high risk appetite, and long-term investment horizon of more than 10 years, a portfolio with 50-60% in flexi-cap funds, 20-25% in mid-cap funds, and 20-25% in small-cap funds is ideal for wealth creation.

U.S. regulators levied more than US$118 million in penalties against several financial firms for failing to keep employees’ electronic communications, the latest fallout from the so-called WhatsApp investigations.

This is because in the current environment, where the earnings growth is moderating incrementally, the scope for PE rerating is limited, Amit Ganatra, Head of Equities, Invesco Mutual Fund tells ET Wealth. How are you reading the current market scenario? Is the buoyancy likely to persist on the back of expected interest rate cuts? Market conditions have to be evaluated on the basis of macro outlook and earnings outlook. India’s macro outlook has strengthened in the past few years due to an improvement in the fiscal and current account deficits, and health of balance sheets in the corporate and banking sectors. This has happened at a time when the overall macro conditions for many large economies in the world are either deteriorating or, at best, remain steady. So, in that context, India is demonstrating macro outperformance to the rest of the world.

Association of Mutual Funds in India (AMFI). This compares with the long-term average ratio of 1.6. A ratio greater than two indicates that buying inflows are twice as high as selling outflows, reflecting strong investor momentum. Among equity funds, the sector funds have maintained a buy-to-sell ratio of over three for the fourth consecutive month and have had a ratio greater than one for 15 consecutive months. Sector/thematic NFOs reported a net inflow of Rs 33,939 crore over the past three months, accounting for 30% of the total equity fund inflow. During the period, equity funds received a total inflow of Rs 1,15,960 crore. In August, equity NFOs totalled an inflow of Rs 10,202 crore with notable offers including the Motilal Oswal Manufacturing Fund, Motilal Oswal Business Cycle Fund, SBI Innovative Opportunities Fund, and Invesco India Manufacturing Fund.

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equity mutual funds through a mix of lump sum investments in new fund offers (NFOs) and systematic investment plans (SIPs). Equity schemes garnered ₹38,239 crore in August — the 42nd straight month of inflows — as against ₹37,113 crore in the previous month led by flows into thematic funds, a category that has witnessed a flood of new fund offers in recent months. Flows through SIPs into mutual funds inched up to ₹23,547 crore — the highest ever in a month — compared to ₹23,332 crore in the previous month.

mutual funds have managed to outperform their respective benchmarks in August. There were 29 large & mid cap funds in the said period, out of which 25 schemes outperformed their respective benchmarks. In other words, only four funds failed to beat their respective benchmarks. Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund offered 1.81% and 2.41% returns respectively against 1.06% by their benchmark (NIFTY LargeMidcap 250 — TRI).

CCI) has cleared Warburg Pincus' acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore. In a statement on Tuesday, the antitrust regulator said the principal business activity of Mango Crest, incorporated in Mauritius, is «undertaking investment holding activities». Other deals

In a stock exchange notice today (20 August), the board said it had received valid elections for over 12 million shares, or 36.8% of IPU's issued ordinary share capital. The directors said that as payout requests exceeded the 10% limit, shareholder requests will be scaled back proportionally, depending on the excess availability from other investors. Invesco Perpetual UK Smaller Companies offers capital return for up to 10% through special dividend Details of the outcome of the scaling back process, along with IPU's net asset value per share and the amount of the special dividend p...

Prominent Wall Street firms and large institutional investors bought into spot bitcoin (BTCUSD) exchange-traded funds in the second quarter, a sign of a healthy appetite for the products in the traditional financial sector.

Goldman Sachs (GS), a traditional Wall Street firm considered a bitcoin skeptic, has disclosed a surprising investment in a recent regulatory filing—shares of spot bitcoin (BTCUSD) exchange-traded funds (ETFs).

portfolio of stocks, are gaining traction among investors with the asset base of the category growing to Rs 1.43 lakh crore in three months ended June 2024, marking an increase of 31 per cent from a year ago. Interestingly, some of the focused funds offered by the mutual fund houses such as Invesco India Focused Fund, Mahindra Manulife Focused Fund, JM Focused Fund and HDFC Focused 30 Fund delivered a remarkable return of 40-60 per cent in the past year, industry data showed. Focused funds are a type of mutual fund where the fund manager selects a concentrated portfolio of stocks, typically limited to a maximum of 30 due to regulatory constraints. This requires the fund manager to be highly skilled in stock selection, as they need to identify the best investment opportunities across the market without bias toward any specific market cap or sector.