Incannex Healthcare stock tumbles after filing $100M offering
ATLANTA - Invesco Ltd. (NYSE:IVZ), whose stock is trading near its 52-week high with a remarkable 26% return in the past week according to InvestingPro, launched two new actively managed ETFs on Wednesday, expanding its fixed income platform that now manages over $491 billion globally.
The new offerings include the Invesco Core Fixed Income ETF (GTOC) and the Invesco Intermediate Municipal ETF (INTM), both managed by Invesco’s in-house fixed income teams. The company’s GOOD Financial Health Score from InvestingPro underscores its capability to expand its product offerings.
GTOC is designed as a core portfolio building block investing in high-quality U.S. investment grade fixed income instruments, while INTM aims to provide federally tax-exempt income by investing primarily in investment grade municipal bonds with a focus on intermediate duration.
"These new ETFs demonstrate our commitment to delivering thoughtful, investor-focused strategies that reflect the strength of our in-house expertise," said Stephanie Larosiliere, Head of Fixed Income Business Strategy at Invesco, according to a press release statement.
The ETFs are managed by Invesco’s U.S. Investment Grade and Municipal Bond teams, part of the firm’s 182-member fixed income department whose professionals average 18 years of industry experience.
GTOC joins Invesco’s existing GTO-suite of ETFs, which includes the Invesco Core Plus Bond ETF (GTO) and Invesco Short Duration Total Return Bond ETF (GTOS).
"Invesco delivers differentiated expertise and content in ways that align with our clients’ evolving preferences, which increasingly include both active and passive strategies," said Jason Stoneberg, Head of Product, Americas.
Invesco, which pioneered active ETFs in 2008, managed approximately $2 trillion in assets as of June 30, 2024. The company has maintained dividend payments for 19 consecutive years, demonstrating long-term stability. InvestingPro analysis reveals 12 additional key insights about Invesco’s performance and outlook, available in the comprehensive Pro Research Report.
In other recent news, Invesco reported its second-quarter 2025 earnings, showcasing a significant revenue achievement. The company recorded a revenue of $1.51 billion, surpassing expectations of $1.1 billion and marking a 37.27% increase. Despite this revenue success, Invesco’s earnings per share (EPS) fell short, posting $0.36 against the anticipated $0.40. In response to these results, Jefferies maintained its Hold rating on Invesco but raised its price target from $16.00 to $21.00. The investment bank also adjusted its earnings per share estimates for the company, slightly increasing the 2025 EPS from $1.81 to $1.82 and significantly revising the 2026 forecast from $2.00 to $2.23. These developments indicate Jefferies’ cautious optimism about Invesco’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.