Invesco Q2'26 Talks Cash, SuperState
Invesco reported Q2'26 earnings earlier this week, and we quote the few comments involving 'cash' below. (See the earnings call transcript here.) President & CEO Andrew Schlossberg says, "Year to date, we posted record net inflows of $67 billion, or a 7% annualized organic growth rate, generated record net revenue with an increase of 17% over the same period last year.... We have launched more than 50 products this year across the Americas, EMEA, and APAC. This includes six new active ETF launches and a new partnership with SuperState, where we are now the manager of our first tokenized Treasury strategy.... Markets were supportive, driven by strong equity appreciation and improving fixed income returns, resulting in investor capital remaining in motion across the industry, albeit more narrowly focused and mindful of ongoing macroeconomic and policy uncertainty.... Net long-term inflows during the period were a record $45.1 billion, marking the 12th straight quarter of net inflows and representing annualized organic growth of nearly 9%. Additionally, we generated $13.2 billion in global liquidity inflows, ending the period with $215 billion in AUM. Altogether, we reached an AUM high water mark of $2.5 trillion." CFO Allison Dukes explains, "Net long-term asset inflows were a record $45 billion in the second quarter. Nearly a 9% annualized organic growth rate, marking the 12th consecutive quarter of net inflows. Favorable markets drove a $257 billion increase in AUM, and net flows to end the money market funds totaled $17 billion for the quarter. AUM at the end of the quarter reached a record high of $2.5 trillion, a 14% increase over the first quarter, and 23% higher than the second quarter of last year. Average long-term AUM was $2.1 trillion, a 7% increase over last quarter and 58% greater than last year." During the Q&A, they were asked about how they won the SuperState deal. Schlossberg answers, "We have a $220 billion global liquidity franchise. We're managing funds for decades. We do have a lot of strength and capability in the liquidity side, maybe it starts with that. The second thing is that we've made a commitment to innovate through digital assets and through establishing partnerships. Having the opportunity to take over that billion-dollar tokenized U.S. Treasury fund was important to us. I think because of our commitment to innovation, our long-term experience on the global liquidity side, and frankly, the vast distribution that we have around the world institutionally and the retail space, I think, created a nice combination for the two of us." On opportunities, Schlossberg adds, "The only thing I'd add is the places where we're seeing organic growth, ETFs, SMAs, fixed income at large, cash. These are all categories that scale pretty well. We're going to continue to expect to see growth in those segments." (For more, see our March 25 Crane Data News, "Invesco to Manage SuperState Tokenized USTB.")
