Invesco Ltd
IVZ: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %<K | LOCK|^jk | LOCK|fh@m!RN |
Invesco's Positive Flows Have Been Driven by Its ETF and Index Platforms
Business Strategy and Outlook
Invesco was once a top pick among the traditional US-based asset managers we cover, generating solid organic assets under management growth with its long-term managed assets (1.7% annually on average during 2008-17) and operating with a diversified platform. We held this opinion even though the firm generated below-average operating profitability, primarily because this was the cost of business in its more retail-centric distribution platform.
