Invesco Financial News

Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore.

Last month (12 June), it was revealed that Invesco it was discontinuing its UK equity branch as a standalone team, and was merging it with the firm's European equity cohort. Current head of UK equities Martin Walker will act as co-head of the new Invesco UK & European Equity team unit, effective from 1 January 2025, along with Oliver Collin. Collin told Investment Week that, over the past decade, the two teams have worked more and more closely, while interactions and collaboration between the UK and the European teams «have gotten ever stronger». «Therefore, there has been an inevi...

Last month (12 June), it was revealed that Invesco it was discontinuing its UK equity branch as a standalone team, and was merging it with the firm's European equity cohort. Current head of UK equities Martin Walker will act as co-head of the new Invesco UK & European Equity team unit, effective from 1 January 2025, along with Oliver Collin. Collin told Investment Week that, over the past decade, the two teams have worked more and more closely, while interactions and collaboration between the UK and the European teams «have gotten ever stronger». «Therefore, there has been an inevi...

Investment Week understands that he is departing to pursue a career outside of fund management. Marshall joined as a senior analyst in 2014, before being promoted to running money in 2016, when he took over the Invesco Sustainable UK Companies (UK) fund. He has also run the Invesco Pan European Equity Income and Invesco Pan European Equity funds since 2020. Following his departure, the Sustainable portfolio will be renamed the Invesco UK Companies fund (UK) and drop its ESG requirements. Invesco bolsters UK distribution team with four promotions John Surplice, head of EMEA eq...

intelliflo, the fintech company owned by and operating independently from Invesco, said it’s helping users of its portfolio management software save time with a critical housekeeping update.

mutual funds have filed draft documents with Sebi to launch sectoral and passive funds. Kotak Mutual Fund and Invesco Mutual Fund have filed for sectoral/thematic funds while Aditya Birla Sun Life Mutual Fund has filed for debt-based passive funds.

According to data from Invesco's latest European Demand Monitor, European equities saw a $4.9bn rise in net new assets (NNA) in Q2, marking a four-fold increase in flows compared to the previous quarter. This brought the total amount of inflows to $6.1bn since the beginning of the year. Deep Dive: A 'new world order' will lead to bifurcated blocs and more US-China protectionism In total, European ETFs raised $59bn in the second quarter, marking an 88% increase from the same quarter in 2023. Overall, total equity AUM ended the quarter at $1.45trn on the back of strong inflows and...

The U.S. Securities and Exchange Commission (SEC) has officially approved nine spot ether (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new crypto investment vehicles will begin today. Here's everything you need to know.

mutual funds have offered up to 99% return in the last one year. These funds gave an average return of 95.68% in the similar time horizon. SBI PSU Fund, the topper in the category, offered 99.87% return in the last one year. Invesco India PSU Equity Fund offered 97.70% return in the said period. The scheme is the oldest scheme in the category.

At some of the world’s biggest asset managers, ESG fund launches are quietly stalling.

Invesco Ltd. demanded over $100 million more from Robertshaw on Monday as part of its ongoing court battle against the bankrupt appliance parts maker, saying the company should be forced to pay for helping strip the asset manager of its senior position in Robertshaw’s reorganization. 

Tom Banks has been promoted to head of UK ETFs to help drive Invesco's ETF business. Until July this year, Banks was the firm's head of wealth and private banks, leading the distribution of Invesco's ETF and indexed strategies to the UK wealth and private bank sector. Joe Bello – previously head of UK asset manager ETF sales – has become head of ETF institutional and asset managers, with his role expanded to include pension and insurance clients, and he will report to Banks.  Invesco expands Summit range with fund of funds launch focused on retirement income Prior to joining Invesc...

Invesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its books, according to its half-yearly shareholder report filed with the US Securities and Exchange Commission (SEC). As of April 30, Invesco valued Pine Labs at $3.5 billion, compared to $3.8 billion as of January 31, and $4.8 billion as of December 31, 2023.

mutual funds have dominated the returns chart in the first half of 2024, an analysis of the return charts showed. There were around 208 sectoral/thematic funds in the said period. The toppers in the list were from the infrastructure sector, defence sector and PSU sector. HDFC Defence Fund, the topper in the list, gave 55.22% return in the first half of 2024. Bandhan Infrastructure Fund and LIC MF Infra Fund, two infrastructure sector based funds, gave 43.43% and 40.67% returns respectively.

Quant Mutual Fund, one of India’s oldest and fastest growing asset management firms, is facing a probe by capital market watchdog SEBI in an alleged front-running case. Front-running is an illegal practice in which fund managers and dealers place orders based on prior information of upcoming large trades and earn profit from the price movement on eventual trade execution.

Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry growth of 53%. The schemes of this fund house have not just outperformed their benchmarks but have also given superior returns over their peers in different categories. Quant Mutual Funds’ total assets under management from all schemes at the end of May 2024 stood at Rs 84,030 crore, up from Rs 23,956 crore as on May 31, 2023. It was at just Rs 225 crore in May 2019. This is a staggering 37,246% jump in five years. Meanwhile, the net AUM of equity oriented schemes as on May 31, 2024 for the industry stood at Rs 25.39 lakh crore this May versus Rs 16.56 lakh crore in the same month of the previous year. It was at Rs 7.24 lakh crore as on May 31, 2019. The industry AUM growth has been 250% in the said period.

gold reserves parked overseas dropped to the lowest in six years at the end of March--47% of the total—since it started accumulating the precious metal in December 2017. Data show that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022. News that the RBI had brought back 100 tonnes of gold from the UK to India emerged at the end of last month. Governor Shaktikanta Das said this was because there is enough domestic storage capacity and nothing more should be read into it. At the end of March, the RBI’s total gold holdings amounted to 822.1 tons. A December 2023 survey by global investment manager Invesco of 57 central banks and other asset managers showed that they had increased exposure to gold 8-10 years ago, keeping it London and using it for swaps and to enhance yields, but that they were now moving the reserves back to their own countries, underscoring its role as a safe-haven asset. From 50% in 2020, the share of gold reserves held in their own countries is estimated to have gone up to 68% by December 2023 and will likely rise to 74% within the next five years, according to the survey.

Reserve Bank of India's gold reserves parked overseas dropped to a six-year low at the end of March — 47% of total. This is the lowest since it started accumulating the precious metal in December 2017. Data shows that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022.

PSU Mutual Funds: PSU mutual funds have surged over 10% since June 4, the day Lok Sabha election results were announced. PSU mutual funds fall within the thematic equity mutual fund category. Thematic funds are equity mutual funds that invest into stocks connected to a particular theme. These funds’ investment patterns are unified by a central idea. For example, an infrastructure theme fund might invest in sectors such as cement, power and steel, among others.

MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds in India (Amfi). Nearly half of this amount went into HDFC Mutual Fund’s new fund offer (NFO) – HDFC Manufacturing Fund, which alone garnered ₹9,500 crore from investors. It's not just HDFC MF riding this wave; other fund houses have also launched manufacturing funds recently.

The combined group will form the Invesco Pan European Equity team, effective from 1 January 2025. Current head of UK equities Martin Walker will act as co-head of the new unit along with Oliver Collin, who joined overall lead John Surplice as co-head of the European equities team in March 2023. Invesco cuts fees on underperforming European equity income and global small-cap funds Surplice said that the two teams have «always worked closely» and already share many of the existing investment resources, noting that the merger is «simply formalising this collaborative approach further»...