Q2 2025 Invesco Ltd Earnings Call Transcript
Key Points
- Invesco Ltd (IVZ) achieved a record $2 trillion in assets under management by the end of the second quarter.
- The company reported $15.6 billion in net long-term asset inflows, representing a 4.7% annualized growth rate.
- Invesco Ltd (IVZ) completed the repurchase of $1 billion of preferred stock held by MassMutual, enhancing balance sheet flexibility.
- The company saw strong performance in its ETF and index platform, with 10% annualized organic growth and $12.6 billion in net inflows.
- Invesco Ltd (IVZ) continues to innovate, launching new active ETFs and expanding its Smart beta product range in the EMEA region.
- The company experienced net outflows of $3.6 billion in fundamental equities, reflecting challenges in the US wealth management channel.
- Invesco Ltd (IVZ) faced negative flows in its private credit franchise due to April's risk-off sentiment.
- Performance fees were $14 million lower than the previous year due to fewer funds generating performance fees.
- The company's net revenue yield saw a decline, although the decrease was smaller than in prior quarters.
- Invesco Ltd (IVZ) continues to face secular demand challenges in active equities, particularly among US clients.
Thank you for standing by and welcome to Invesco's second-quarter earnings conference call. (Operator Instructions) As a reminder, today's call is being recorded.
Now I'd like to turn the call over to Greg Ketron, Invesco's Head of Investor Relations. Sir, you may begin.
All right. Thanks, Cedric, and to all of you joining us today. In addition to the press release, we have provided a presentation that covers the topics we plan to address on the call. The press release and presentation are available on our website, Invesco.com. This information can be found by going to the Investor Relations section of the website.
The presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on slide 2, as well as the appendix for the appropriate reconciliation of the GAAP.
Finally, Invesco is not responsible for the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcasts are
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