Invesco (IVZ) Bernstein 42nd Annual Strategic Decisions Conference summary

Strategic priorities and business evolution

• Focused on innovation, business clarity, and execution, with significant product advancements in ETFs and SMAs, and international partnerships, especially in India and Canada.

• Streamlined business through divestitures and platform simplification, consolidating investment platforms for efficiency.

• Delivered strong investment performance, achieving $150 billion in net new flows over 18 months, 25% operating income growth in Q1, and 15% revenue growth.

• Emphasizing personalization, digital assets, and retailization of private markets as future growth themes.

Market trends and client behavior

• Investors are adapting to volatility, reallocating within asset classes, and maintaining significant cash positions.

• Regulatory changes in the U.S., U.K., and Japan are driving increased investment activity and positive flow momentum.

• Growth in investment grade fixed income in Europe, balanced funds in China, and global equity in Asia; strong ETF and SMA growth in the U.S.

Competitive positioning and product strategy

• Diverse asset mix (active/passive) and international presence underpin consistent strong flows.

• QQQ suite benefits from brand, liquidity, and entrenched distribution, with fee parity due to licensing structure.

• Marketing spend for QQQs is flexible ($60–$100 million), supporting global distribution.

• ETF platform fees expected to have limited impact due to scale and selective fee-sharing arrangements.