Invesco offers a range of investment products and services, including mutual funds, exchange-traded funds, separately managed accounts and savings plans. Invesco serves retail and institutional clients in more than 20 countries in North America, Europe, the Middle East, and the Asia/Pacific region. It operates under the Invesco, Invesco Perpetual, and Powershares brands (it dropped the AIM brand in 2010). Subsidiary Atlantic Trust offers private wealth management services. Invesco and its subsidiaries have more than $660 billion of assets under management. The company also owns turnaround firm WL Ross.
Invesco acquired Morgan Stanley's retail investment management business, including mutual fund manager Van Kampen, for some $1.5 billion in cash and stock in 2010. The deal added more than $120 billion of assets under management and helped cement Invesco's status as one of the largest asset managers in the US. It also provided the group with opportunities to cross-promote its products across new distribution lines.
Invesco strives for long-term investment performance for its clients while attempting to mitigate risk. It is focusing on strengthening its client relationships in key markets such as the US and the UK, where baby boomers are nearing retirement age, while relying on its global expertise to make inroads in emerging markets like China and India (it agreed to acquire 49% of Indian asset management firm Religare Asset Management Company in late 2012).
The company's revenue, especially from investment management and service and distribution fees, corresponds with its assets under management, which have increased each of the last three years. Invesco's revenue increased more than 17% from 2010 to 2011, while its net income was up more than 50% for the same period, buoyed by the Morgan Stanley investment management acquisition. – less
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