ATLANTA, Jan. 2, 2026 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends. EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE 1/15/2026 1/15/2026 1/30/2026 1/30/2026 Name of Closed-EndManagement Investment Company Ticker MonthlyDividend Per Share ChangeFrom PriorDistribution % ChangeFrom PriorDistribution Invesco Advantage Municipal Income Trust II VKI 1$0.0559 - - Invesco Bond Fund VBF 1$0.0700 -0.0015 -2 % Invesco Californi ...

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Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

行业宏观环境 - 中国科技股在2024年大部分时间及2025年初，持续面临监管忧虑、贸易紧张局势以及经济放缓担忧的困扰 [1]

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

市场表现对比 - 印度NIFTY 50指数在2025年同比上涨超过+10% [1] - Invesco India ETF (PIN) 在2025年表现逊于印度股市 下跌了-7% [1] - 该基金同时也表现逊于S&P 500指数 [1] 分析师背景与研究方法 - 分析师拥有公共财政分析师经验 并管理个人投资组合超过10年 [1] - 投资组合关注ETF周期性和个体价值导向型投资 [1] - 研究方法相对不可知论 对任何感兴趣的机会进行研究 [1] - 分析覆盖美国及外国股票、封闭式基金、ETF和开放式共同基金 [1] - 核心是长期价值投资者 投资哲学基于理性决策、防范下行风险和独立思考 [1] - 目标是通过基于研究的清晰见解 帮助读者理解估值、基本面和风险 支持有纪律的长期投资 [1]

2025年股价表现 - 景顺股价在2025年大幅上涨53.5%，表现远超标普500指数20.1%的涨幅以及资产管理行业10.9%的跌幅[1] - 景顺股价表现优于同业，富兰克林资源公司股价在2025年上涨20.2%，而普信集团股价则下跌7.6%[2] 公司优势与积极因素 - 资产管理规模稳健增长，过去五年截至2024年的复合年增长率为8.5%，且增长势头延续至2025年前九个月[5] - 2019年收购奥本海默基金显著提升了公司资产管理规模，使其成为全球领先的资产管理公司之一[6] - 公司正抓住被动投资产品需求增长的机会，截至2025年9月30日，被动产品占其总资产管理规模的47.4%[6] - 2025年4月，公司与MassMutual子公司巴林合作以增强其私人信贷产品供应[9] - 公司正寻求股东批准，将景顺QQQ信托从单位投资信托转换为开放式ETF，旨在获取收入和利润，而不仅仅是收回营销成本[9] - 此次重组旨在使QQQ符合当今的开放式ETF模式，以释放运营效率并降低费用率，这与公司增长资产管理规模的努力一致[10] - 运营效率持续改善，公司提前实现了奥本海默基金收购带来的净成本协同效应目标，并实现了2亿美元的年化净节省[11] - 2025年8月，公司宣布将2018年收购的Intelliflo出售给凯雷集团以提升效率，尽管2023年及2025年前九个月调整后运营费用有所增加，但该指标在2024年下降了2.2%[12] - 公司在美国以外市场地位稳固，截至2025年9月30日，其美国以外的客户资产管理规模占总规模的31%[13] - 收购欧洲领先的独立ETF专业提供商Source将推动其全球业务，而出售印度业务多数股权以建立合资企业将加强其亚洲业务，同时允许资本配置到更盈利的项目[14] - 公司资产负债表稳健，截至2025年9月30日，总债务为99.4亿美元，现金及现金等价物为9.731亿美元，并拥有投资级长期高级债务评级[15] - 公司持续进行有效的资本分配，2025年4月将季度股息上调2.4%至每股0.21美元，过去五年已六次提高股息，股息支付率为44%[16] 公司面临的挑战 - 营收增长疲软，尽管2024年及2025年前九个月总运营收入有所增长，但自2020年下半年以来该指标一直呈下降趋势，短期内营收可能继续承压[17] - 无形资产规模庞大，截至2025年9月30日，商誉和净无形资产总额高达142亿美元，占总资产的49.9%，其减值可能对公司财务状况产生负面影响[18][19] 盈利预测与估值分析 - 市场对公司盈利增长潜力持乐观态度，过去60天，对景顺2025年和2026年的每股收益共识预期被上调[20] - 2025年每股收益预期为1.94美元，同比增长13.5%，2026年预期为2.60美元，同比增长34.2%[20] - 从估值角度看，公司股票目前基于未来12个月收益的市盈率为10.31倍，低于行业过去五年14.91倍的平均水平，表明其估值相对同业更具吸引力[21]

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Barring some periods in 2025, the Invesco NASDAQ Next Gen 100 ETF ( QQQJ ) has lagged the Invesco QQQ Trust ETF ( QQQ ). This analysis tries to understand why that gap exists and whetherI am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, I led teams in model validation, stress t ...