When it comes to the future of asset management, Invesco
] looks like it has capabilities in all the right areas. So argues Jefferies
analyst Daniel Fannon
| Dan Fannon|
Jefferies & Company Inc.
Managing Director - Research Analyst
Chris Dieterich of Barron's reports
on Fannon's recent reaffirmation of his $35 price target for the stock of the publicly-traded, Atlanta-based asset manager. Invesco's shares (IVZ) closed at $28.63 yesterday, so $35 would be a 22-percent increase.
"Product diversity, scale and technology are increasingly important to maintain relevance. The latest trends include passive, smart beta, robo and alternatives to name a few," Fannon writes. "IVZ checks the box with all of these buzz words in terms of its product capabilities."
Fannon highlights Invesco's ETF arm (PowerShares
) and Invesco's freshly-acquired
). And he adds that Invesco's "ability to capitalize and differentiate with some of these products ... remains up for debate."
Invesco's market cap now stands at $12.04 billion. As of May 31, Invesco's AUM stood
at $791.1 billion, so its market cap translates into 1.52 percent of AUM. And Morningstar estimates put
Invesco at number two in mutual fund industry net flows last month, behind only Vanguard.
Neil Anderson, Managing Editor
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