Invesco Ltd. is an American independent

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

company that is headquartered in

Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

, with additional branch offices in 20 countries. Its common stock is a constituent of the

S&P 500 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...

and trades on the New York stock exchange. Invesco operates under the Invesco,

Trimark Trimark Pictures was an American production company that specialized in the production and distribution of television and home video motion pictures. The company was formed in 1984 by Mark Amin as Vidmark Entertainment with Vidmark Inc. (later T ...

Invesco Perpetual Invesco, based in Henley-on-Thames, Oxfordshire, is one of the largest investment managers in the United Kingdom, managing £91.59bn in assets on behalf of individual clients, fund platforms, nominees, pension funds and other corporate institu ...

WL Ross & Co WL Ross & Co is a private equity company founded and based in New York by Wilbur Ross in April 2000. The company focuses on investments in financially distressed companies with undervalued stocks, in the $100 to $200 million range, usually in the ...

and

Powershares Invesco PowerShares (formerly PowerShares Capital Management) is an American boutique investment management firm based near Chicago which manages a family of exchange-traded funds or ETFs. The company has been part of Invesco, which markets the P ...

brand names.

History

Invesco (then officially spelled with all-capital letters: INVESCO) was created in Atlanta in 1978 when

Citizens & Southern National Bank Citizens and Southern National Bank (C&S) began as a Georgia institution that expanded into South Carolina, Florida and into other states via mergers. Headquartered in Atlanta, Georgia; it was the largest bank in the Southeast for much of the 20th c ...

divested its money management operations. In 1988, the company was purchased by the British firm

Britannia Arrow Slater Walker was a British industrial conglomerate turned bank that got into financial difficulties in the 1970s. It specialised in corporate raids. Its fall shook the British banking system at the time, and it had to be bailed out by the Bank of ...

, based in London, which later took the INVESCO name. In 1997

INVESCO Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exc ...

PLC merged with AIM Investments. Upon completion of the merger the company adopted the name Amvescap. In 2007 the company reverted to the Invesco name. Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

. In 2004, the company agreed to a $450 million settlement with the

Attorneys General In most common law jurisdictions, the attorney general or attorney-general (sometimes abbreviated AG or Atty.-Gen) is the main legal advisor to the government. The plural is attorneys general. In some jurisdictions, attorneys general also have exec ...

of New York,

Colorado Colorado (, other variants) is a state in the Mountain West subregion of the Western United States. It encompasses most of the Southern Rocky Mountains, as well as the northeastern portion of the Colorado Plateau and the western edge of t ...

and the SEC after allegations of improper trading practices. In May 2007 the company changed their name to Invesco (initial cap only) PLC, moved its primary stock market listing from the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

to the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

and became domiciled in

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, adopting the name Invesco Ltd. As a result, the company's shares were withdrawn from the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

and added to the

Russell 1000 Index The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted ...

. In November 2007, Invesco moved its headquarters from London to Atlanta. Invesco planned to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the

Nasdaq Stock Market The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

). This fund was closed in 2010. On October 19, 2009, Invesco bought

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

's Retail Unit, including

Van Kampen Investments Van Kampen Investments, Inc. (also Van Kampen Funds, Inc. or Van Kampen American Capital) was an American mutual fund company. Formerly independent, it was acquired by Morgan Stanley in 1996. Most of Morgan Stanley's asset management activities ...

for $1.5 billion. In April 2010, Invesco Aim became Invesco. Later that year, it was reported that Invesco had plans to introduce a

Risk parity Risk parity (or risk premia parity) is an approach to investment management which focuses on allocation of risk, usually defined as volatility, rather than allocation of capital. The risk parity approach asserts that when asset allocations are ad ...

commodity fund according to regulatory filings. In December 2013, Invesco reported assets under management (AUM) of $778.7 billion In September 2017, Invesco agreed to buy Guggenheim Investment's exchange-traded fund business for $1.2 Billion in cash. On October 18, 2018, Invesco purchased

OppenheimerFunds OppenheimerFunds, Inc. was a global asset manager. As of February 28, 2019, the company managed over $260 billion in assets in over 13,000,000 investor accounts. In May 2019, the company was acquired by Invesco. OppenheimerFunds had 16 investment ...

from

MassMutual The Massachusetts Mutual Life Insurance Company, also known as MassMutual, is a Springfield, Massachusetts-based life insurance company. MassMutual provides financial products such as life insurance, disability income insurance, long term ...

for about $5.7 billion in stock. In March 2020 amid a major

stock market crash A stock market crash is a sudden dramatic decline of stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especia ...

triggered by the

COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was COVID-19 pandemic in Hubei, identified in Wuhan, China, in December ...

pandemic, Invesco Mortgage Capital Inc., a branch handling

Real Estate Investment Trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

s, announced they were unable to cover

margin call ''Margin Call'' is a 2011 American drama film written and directed by J. C. Chandor in his feature directorial debut. The principal story takes place over a 24-hour period at a large Wall Street investment bank during the initial stages of the ...

s due to dramatic devaluations and investors selling shares.Patricia Clark (March 24, 2020)
Invesco Mortgage Capital Warns It Can’t Fund Margin Calls
Yahoo Finance, accessed 24 March 2020 The company also announced they would delay

dividend A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-in ...

payments.

Financial statistics

References

External links

Invesco Official website
{{Authority control, state=expanded Companies based in Atlanta American companies established in 1935 Financial services companies established in 1935 Investment management companies of the United States Companies formerly listed on the London Stock Exchange Companies listed on the New York Stock Exchange Alternative investment management companies 1935 establishments in Georgia (U.S. state) 1988 mergers and acquisitions