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Invesco (IVZ) falls over 20%, here is why

Invesco falls over 20%, here is the recent news of why this happened.

  • Invesco cuts its common share dividend in half to 15.5 cents per share from 31 cents to maintain financial flexibility through an uncertain environment.
  • Due to the company’s reaction to the COVID-19 pandemic, assets under management declined during the quarter, which hurt Invesco’s revenue in Q1
  • Invesco is said to be redeemed up to $200M of seed capital investments where appropriate from certain investment products in the near term.
  • “Despite the extreme market volatility, total gross long-term inflows increased nearly 40% versus the prior quarter to a record $84.7B, resulting in strong net flows into several diverse areas, including institutional, our China JV, money market funds, EMEA ETFs and global fixed income,” said President and CEO Marty Flanagan.
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About Invesco

Invesco incorporated on September 12, 2007, is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives.

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