Summary
- The company saw its first positive quarterly net asset inflows since 2017.
- Taking steps to expand into fast growing Active Non-Transparent ETFs.
- The company has become the subject of renewed merger speculation.
Thesis
After falling to a decade low in May, Invesco Ltd. (IVZ) stock has been rallying. Although some of the rise may be due to the market’s post-pandemic bounce, some positive company specific factors may also be at play. Since reaching its low, the company saw its first positive quarterly net asset inflows since 2017, it has taken steps to expand into fast growing Active Non-Transparent ETFs, and in the last couple of months it has become the subject of renewed merger speculation. It’s likely that these factors will continue fueling Invesco’s stock price in the months to come.
