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Rating:Does Invesco Check All the Right Boxes? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 21, 2016

Does Invesco Check All the Right Boxes?

News summary by MFWire's editors

When it comes to the future of asset management, Invesco [profile] looks like it has capabilities in all the right areas. So argues Jefferies analyst Daniel Fannon.

Dan Fannon
Jefferies & Company Inc.
Managing Director - Research Analyst
Chris Dieterich of Barron's reports on Fannon's recent reaffirmation of his $35 price target for the stock of the publicly-traded, Atlanta-based asset manager. Invesco's shares (IVZ) closed at $28.63 yesterday, so $35 would be a 22-percent increase.

"Product diversity, scale and technology are increasingly important to maintain relevance. The latest trends include passive, smart beta, robo and alternatives to name a few," Fannon writes. "IVZ checks the box with all of these buzz words in terms of its product capabilities."

Fannon highlights Invesco's ETF arm (PowerShares) and Invesco's freshly-acquired roboadvisor (Jemstep). And he adds that Invesco's "ability to capitalize and differentiate with some of these products ... remains up for debate."

Invesco's market cap now stands at $12.04 billion. As of May 31, Invesco's AUM stood at $791.1 billion, so its market cap translates into 1.52 percent of AUM. And Morningstar estimates put Invesco at number two in mutual fund industry net flows last month, behind only Vanguard. 

Edited by: Neil Anderson, Managing Editor

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