(New York)
Despite the rally, stocks are still down 5% from the January peak. But Invesco, it is down around 15%, which Barron's argues presents a great buying opportunity. Invesco's mutual fund business will earn less income if stocks fall, but unlike others, it may be a big beneficiary of the next bear market. Two reasons for this include Invesco having a strong balance sheet to make low-priced acquisitions when times are tough (as it did during the Crisis) and the fact that it has a great smart beta business, which should do well in tough times. The stock currently trades at a 44% discount to BlackRock on an earnings multiple basis, making the price attractive.
FINSUM : Invesco seems like it would be good to use in a pair trade in a down turn as its relative performance should be better than competitors.
- stocks
- invesco
- asset manager
- smart beta
- Blackrock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
