Invesco (IVZ) Goldman Sachs U.S. Financial Services Conference summary

Business momentum and growth drivers

• Achieved $75 billion in net long-term flows in the first 11 months of 2025, with broad-based growth across geographies and asset classes.

• Focused on personalization in wealth, expanding active ETF and SMA franchises, and scaling fixed income, which saw $30 billion in positive net flows this year.

• Private markets AUM reached $130 billion, with new partnerships to expand offerings for wealth and defined contribution clients.

• International clients account for 40% of long-term assets and 70% of this year's flows, with strong positions in Asia and Europe.

Product and partnership initiatives

• Active ETF business now at $30 billion, with continued investment in SMAs, which doubled in size over three to four years.

• Launched partnerships with Barings and LGT Capital to co-manage and distribute private credit and private equity strategies, with new products set for 2026.

• Partnerships are strategic, focusing on complementary capabilities, long-term alignment, and shared economics.

Key product segment updates

• Realigned fundamental equity strategies into a single platform, improving investment quality and achieving top quartile performance for half of assets.

• Positive flows in Europe and Asia for fundamental equities, with Japan's global equity strategy leading the market.

• China business reached $125 billion in assets, with $15 billion in flows in nine months and a strong digital client base.

• Fixed income platform at nearly $700 billion, with broad-based flows across product vehicles and geographies.