Invesco Ltd.

Who owns Invesco Ltd.?
Invesco Ltd. is a public company owned by its shareholders, listed on the NYSE under ticker IVZ. No single investor controls it. MassMutual holds a preferred stake from the 2019 OppenheimerFunds acquisition, reduced to about $1 billion outstanding through repurchases.

Is Invesco publicly traded?
Yes. Invesco trades on the New York Stock Exchange under ticker IVZ.

When was Invesco founded?
Invesco's corporate roots trace to 1935 through predecessor firms. The modern company formed through mergers including the 1997 INVESCO-AIM combination and adopted the Invesco name in 2003.

What does Invesco own?
Invesco is an asset manager, not a brand conglomerate. Its products include the Invesco QQQ Trust, a broad ETF and index lineup, mutual funds, private markets strategies, and a China joint venture.

How much does Invesco manage?
Invesco managed $2.54 trillion in assets as of September 30, 2026, including $774.6 billion in ETFs and index products and approximately $499 billion in QQQ alone.

Does Invesco own QQQ?
Yes. The Invesco QQQ Trust, tracking the Nasdaq-100, is Invesco's flagship ETF. It came to the firm through the PowerShares platform acquired in 2006.

Invesco's corporate roots reach to 1935 and a family of predecessor firms assembled over decades. The modern company formed through serial mergers: INVESCO, an Atlanta investment firm, merged with AIM Investments of Houston in 1997 to create Amvescap, and the combined group adopted the Invesco name in 2003, rebranding from the AMVESCAP holding structure.

The firm's strategy became acquisition-driven consolidation. In 2006 it bought PowerShares Capital Management, an ETF specialist, giving it the platform that would become its ETF franchise and eventually custody of the Nasdaq-100 index fund that rebranded as Invesco QQQ. The 2010 acquisition of Van Kampen Investments added US mutual fund scale, and the firm redomiciled from Bermuda to the United States in 2007.

The largest deal came in 2019: Invesco acquired OppenheimerFunds from Massachusetts Mutual Life Insurance for approximately $4 billion plus preferred shares, a transaction that vaulted Invesco past $1.2 trillion in AUM and left MassMutual holding a preferred stake that Invesco has spent years repurchasing, reducing it from the original holding to about $1 billion outstanding by late 2026.

Under CEO Andrew Schlossberg, who took over in 2023 after two decades inside the firm, Invesco concentrated on ETFs, index products, private markets, and international diversification. By Q3 2026, AUM reached a record $2.54 trillion, adjusted operating margin hit 40.7 percent, and the active ETF platform grew to about $30 billion across nearly 50 products.

Invesco's most notable recent regulatory action was a 2024 SEC settlement in which it paid $17.5 million over charges that marketing materials overstated how thoroughly ESG factors drove portfolio decisions. The SEC found the firm's ESG claims were not supported by its actual investment process.

The OppenheimerFunds acquisition drew years of scrutiny over integration costs and the MassMutual preferred structure, though the repurchase program has largely resolved the balance sheet concern.

Like all large US asset managers, Invesco faces the broader fee-compression and common-ownership debates, plus periodic state-level political scrutiny over ESG policies, to which it responds by emphasizing financial materiality in its stewardship approach.