- NYSE:IVZ sheds 1.50% to close the week as global markets end in the red.
- Invesco banks on larger AUM in the coming months as investors brace for market volatility.
- Invesco announces an innovative new approach to ETFs.
NYSE:IVZ has nearly clawed back to the levels it was trading at before the COVID-19 pandemic came along, but on Friday the stock dropped 1.50% as global markets sold-off amidst growing cases of COVID-19 around the world. Shares of Invesco closed the most recent trading session at $15.72 which represents a nice steady increase of just under 15% from its recent quarterly earnings call. The recent bump has seen Invesco trade at levels back over its 50-day and 200-day moving averages, but despite all of this the stock has still returned -7.91% to investors over the past 52-weeks.
As we approach what seems like a presidential change in the United States and the ongoing presence of the novel coronavirus, investors are looking for hedges against volatility in the global financial markets. ETFs and mutual funds are two vehicles that investors can use to shield themselves from potential volatility and companies like Invesco are well-equipped to take advantage.
IVZ stock chart
Invesco recently announced it is in the final stages in developing a new, active ETF that is non-transparent where it is proposed that Invesco would publish key data metrics at the end of each trading day. This will allow investors to rack the value and the performance of the fund without Invesco having to disclose which holdings are within the fund. The revolutionary new model is set to be put before the SEC for formal regulatory approval with hopes of bringing it to the markets in the near future.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD buyers stay directed toward 0.6800 after China's inflation data
AUD/USD extends gains toward 0.6800 in the Asian session on Monday, recovering from a three-week low touched on Friday. The pair holds higher ground, undeterred by the softer-than-expected China's inflation data amid a pause in the US Dollar recovery and risk reset.
USD/JPY clings to recovery gains below 143.00
USD/JPY is holding recovery gains below 143.00, positively kicking off the new week. Friday's late US Dollar rebound and Japan's Q2 GDP downward revision support the pair, though the divergent BoJ-Fed policy expectations should cap its upside. All eyes remain on US CPI data due later this week.
Gold price consolidates below $2,500 mark, bullish potential seems intact
Gold price stalls the post-NFP retracement slide from the vicinity of the all-time peak. Reduced bets for a larger rate cut by the Fed underpin the USD and act as a headwind. Worries about the US economic slowdown and geopolitical risks continue to offer support.
Week ahead: ECB poised to cut again, US CPI to get final say on size of Fed cut
ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC. UK monthly data flurry begins with employment and GDP numbers.
Aptos, Stark, XAI, Render prepare for $111 million cliff unlocks this week
The crypto market is set to witness cliff unlocks totaling $111 million next week. Aptos and Starknet will see the highest volume, with new tokens entering circulation worth $64 million and $25 million, respectively.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.