Latest news with #InvescoQQQ
Yahoo
a day ago
- Business
- Yahoo
US equities lead 2025 ETF flows: A closer look at global trends
US equity exchange-traded funds (ETFs) have pulled in $191 billion so far this year, while international equity flows have reached $81 billion, according to AllianceBernstein. Julie Gunts, AllianceBernstein global head of ETF strategy and partnerships, joins Market Catalysts to discuss where flows are heading next. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. US equity ETFs have seen $191 billion in inflows this year, representing about 60% of total ETF inflows overall, and international equities have had $81 billion in inflows. That's close to the total for all of 2024. As investors weigh continued trade uncertainty, where will the flows go next? Will we see continued trends? Want to bring in Julie Goltz Alliance Bernstein, global head of ETF strategy and partnerships for this week's ETF report brought to you by Invesco QQQ. Julie, thank you so much for being here. Thanks for having me. So, I guess it's not a surprise that international has seen big flows. That's what we've seen been seeing and talking about. We look writ large. Where is some of that concentrated? And do you expect that to continue? Yeah, I think if you look at, you know, the international flows, it's really driven by performance year to date. So, you know, US equities while a volatile first half of the year ended up, you know, 6% for the S&P 500. If you look at the breakdown of international, European equities, in US dollar terms, returned almost 25%. And so I think, you know, ETF flows are to some extent chasing those returns, but I think you know, also expected future returns. And so if you look at the returns in Europe, um, it's driven by industrials, so a lot of the defense companies as Europe is increasing their defense spending and also, you know, infrastructure. European fiscal spending is expected to continue, and their companies set up to benefit from that. We've also seen financials really lead with, you know, the ECB cutting rate, and you know, that benefiting banks and then utilities. Utilities are immune to tariffs, are immune to FX risk, and so have been performing well. On the flip side in Europe, the underperformers consumer discretionary, which is not surprising. Those are global companies impacted by US consumer and potential tariff risk. And outside of International, where are you seeing kind of interesting demand trends? Yeah, I mean, we're really seeing demand for emerging market ETFs as well, especially on the active side. So Alliance Bernstein is an active ETF issuer. There aren't that many true fundamental emerging market ETFs out there. Um, and so we're seeing demand for that asset class as, you know, fundamental investing really matters in emerging markets. Um, and so continue to see growth there as well. That makes sense. Um, you guys only introduced your ETF business what, three years ago? Yep. Yeah, I mean it's just been amazing to watch the growth of the industry. How have you guys sort of managed to grab assets in market share? What do you feel like is your angle? Sure. Yes, so we we launched our first ETFs in September of 2020 2022. So coming up on our three-year mark and have about $8 billion in AUM, and we're really seeing growth, you know, our ETFs are driven by our research, our investment capabilities. And so, you know, long-term investors, you know, looking for active investment strategies. And we've also seen, you know, areas of the market, our municipal bond brand is really strong, and so we have a suite of tax aware ETFs. We've also have, you know, a suite of buffered ETFs that have surpassed a billion dollars. And so taking, you know, unique solutions or different types of investment outcomes and packaging them in ETFs for our clients. Whether it comes to you guys or the industry writ large, the, you know, pace of record flows that we just continue to see year after year after year, anything that's going to slow that down or is it just going to keep going? I think it's going to continue to accelerate. Like, so far year to date, we've seen over $600 billion in ETF flows in in the US. Interestingly, active is almost 40% of that, yet still 10% of the AUM. Um, and you know, investors like the ETF vehicle. There's the transparency, the daily liquidity, the tax efficiency. And so as you know, more money is put to work, either from cash on the sidelines or mutual fund single stock investments, ETFs are a really easy option and efficient options for people to get exposure to the marketplace. You know, I know you've also been you mentioned in the break you've been traveling internationally. What's the ETF industry and demand like outside of the US? You know, this year we also have seen, you know, real growth in global ETFs. And so global regulators, I think, are, you know, getting on board with that. This is a vehicle, you know, of the future. This is a more modern option for investors. And, you know, for example, I was just in Taiwan. AB is about to launch the first fixed income active ETF in Taiwan. Active ETFs were just allowed from a regulatory perspective earlier this year. And so different pockets of Asia, we're seeing similar trends, um, and in Europe as well. You know, ETFs continue to grow, both in the passive and the active space. Interesting, Julie. Thank you so much. Appreciate it. Thank you. Related Videos Hilton's upbeat Q2 earnings: Why this analyst is still Neutral Hasbro Q2 beat, MARA to raise $850M, Otis issues weak guidance GE Vernova, Thermo Fisher, Enphase Energy: Trending Tickers Japanese auto stocks are surging on Trump's tariff deal Effettua l'accesso per consultare il tuo portafoglio
Yahoo
6 days ago
- Business
- Yahoo
Invesco Aims to Unlock QQQ's Hundreds of Millions in Profit
(Bloomberg) -- It's a quirk in the booming world of passive investing: Famed tech fund QQQ is the most profitable offering in the $11.7 trillion ETF industry, but Invesco Ltd. earns virtually nothing from running it. Now the asset manager is asking shareholders to change that. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests Mumbai Facelift Is Inspired by 200-Year-Old New York Blueprint LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Invesco filed a proxy statement with the Securities and Exchange Commission on Thursday asking owners of the Invesco QQQ Trust Series 1 for their blessing to convert it into an open-ended fund from a unit investment trust, a little-used structure dating back to the birth of the first exchange-traded funds in the 1990s. It's a seemingly small ask with enormous consequences for Invesco. With $355 billion in assets and a 0.2% expense ratio, a back-of-the-envelope calculation shows that QQQ generates roughly $711 million in annual fee revenue — more than any other ETF, data compiled by Bloomberg show. But in its current setup as a unit investment trust, the bulk of that is divided between the fund's trustee — the Bank of New York Mellon — and the provider of the underlying index, which is Nasdaq. As mandated by the fund's prospectus, any remaining revenue must be spent on marketing QQQ. That leaves essentially nothing for Invesco, the fund's sponsor. Theoretically, that dynamic would change if shareholders approve the firm's request. And that would be a win-win for both Invesco and QQQ holders, according to Bloomberg Intelligence. 'They have basically been running this fund, which is the greatest ever, as a charity,' said ETF analyst Athanasios Psarofagis, referring to QQQ's nearly 1,260% return since its 1999 inception. 'If they can re-purpose that, it could free up revenue to invest in other areas, like new products.' Converting into an open-ended fund may open the door to changing the revenue breakdown, according to Psarofagis. Invesco shares rose as much as 11% on Friday to the highest level since February. Invesco will lower QQQ's expense ratio by two basis points to 0.18% if the item, along with two others, are approved, according to the filing. Should the vote pass, Invesco will also replace BNY Mellon as the fund's trustee with a board of individuals, and appoint Invesco Capital Management as QQQ's investment adviser, a Friday press release said. Unit investment trusts don't have investment advisers, so no firm is currently performing that role. The firm is calling for a special meeting on Oct. 24 to hold the vote. Invesco declined to comment on Thursday beyond the filing. (Updates with Friday's share move for Invesco and press release.) What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Godzilla Conquered Japan. Now Its Owner Plots a Global Takeover A Rebel Army Is Building a Rare-Earth Empire on China's Border Why Access to Running Water Is a Luxury in Wealthy US Cities ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Invesco Aims to Unlock Hundreds of Millions in Profit From QQQ
(Bloomberg) -- It's a quirk in the booming world of passive investing: Famed tech fund QQQ is the most profitable offering in the $11.7 trillion ETF industry, but Invesco Ltd. earns virtually nothing from running it. Now the asset manager is asking shareholders to change that. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Invesco filed a proxy statement with the Securities and Exchange Commission on Thursday asking owners of the Invesco QQQ Trust Series 1 for their blessing to convert it into an open-ended fund from a unit investment trust, a little-used structure dating back to the birth of the first exchange-traded funds in the 1990s. It's a seemingly small ask with enormous consequences for Invesco. With $355 billion in assets and a 0.2% expense ratio, a back-of-the-envelope calculation shows that QQQ generates roughly $711 million in annual fee revenue — more than any other ETF, data compiled by Bloomberg show. But in its current setup as a unit investment trust, the bulk of that is divided between the fund's trustee — the Bank of New York Mellon — and the provider of the underlying index, which is Nasdaq. As mandated by the fund's prospectus, any remaining revenue must be spent on marketing QQQ. That leaves essentially nothing for Invesco, the fund's sponsor. Theoretically, that dynamic would change if shareholders approve the firm's request. And that would be a win-win for both Invesco and QQQ holders, according to Bloomberg Intelligence. 'They have basically been running this fund, which is the greatest ever, as a charity,' said ETF analyst Athanasios Psarofagis, referring to QQQ's nearly 1,260% return since its 1999 inception. 'If they can re-purpose that, it could free up revenue to invest in other areas, like new products.' Invesco will lower QQQ's expense ratio by two basis points to 0.18% if the item, along with two others, are approved, according to the filing. The firm is calling for a special meeting on Oct. 24 to hold the vote. Converting into an open-ended fund may open the door to changing the revenue breakdown, according to Psarofagis. Invesco declined to comment beyond the filing. What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All Forget DOGE. Musk Is Suddenly All In on AI The Quest for a Hangover-Free Buzz How Hims Became the King of Knockoff Weight-Loss Drugs ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
7 days ago
- Business
- Bloomberg
Invesco Aims to Unlock Hundreds of Millions in Profit From QQQ
It's a quirk in the booming world of passive investing: Famed tech fund QQQ is the most profitable offering in the $11.7 trillion ETF industry, but Invesco Ltd. earns virtually nothing from running it. Now the asset manager is asking shareholders to change that. Invesco filed a proxy statement with the Securities and Exchange Commission on Thursday asking owners of the Invesco QQQ Trust Series 1 for their blessing to convert it into an open-ended fund from a unit investment trust, a little-used structure dating back to the birth of the first exchange-traded funds in the 1990s.
Forbes
11-07-2025
- Sport
- Forbes
Kendra Bulluck-Major Is Building An Empire With Legacy Sports
Still shot of Kendra Bulluck‑Major. When Kendra Bulluck-Major bought the rights to the Orange Blossom Classic, a legacy HBCU football game founded in 1933 by Florida A&M University, she was bringing back to life more than a sporting event. The acquisition held a special meaning to her, one that had been passed down through generations. In 2025, the game is entering a new chapter under a multi-year naming rights agreement as the Invesco QQQ Orange Blossom Classic—a title partnership that reflects both a rebranding effort and commitment to empowering HBCU students. 'This is personal for me. My passion for the Orange Blossom Classic was born from my father's stories, his pride in Florida A&M University and the way the OBC represented more than just a football game' Bulluck-Major said. 'It was about culture, community and coming together during times when we weren't always seen. That legacy stayed with me, and when I had the opportunity to revive the Classic, I knew it had to be bigger than the field. It had to reflect who we are as a people, our excellence, our resilience and our joy.' Operating as the First Black Woman to Own an HBCU Sports Property As the first Black woman to own exclusive rights to a major HBCU sports property, Bulluck-Major has transformed the platform into a cultural enterprise. What began as a single-game tradition is now a full-scale ecosystem that spans sports, entrepreneurship and community. So far, the organization has already raised over $400,000 in scholarship funds for HBCU students. FAMU football player catching a football. 'Being the first Black woman to own exclusive rights to a major HBCU sports property is an honor, but it's also a responsibility I carry with care,' Bulluck-Major said. 'I lead with purpose because I understand the weight of legacy, not just for my children, but for the entire community that gathers around this moment every year. My leadership is rooted in honoring the past, serving the present and building something sustainable for the future.' While football remains the centerpiece, Bulluck-Major has expanded the event into something far more powerful, starting with a slate of programming that centers Black women unapologetically, one of which includes the Elevation Experience. The Elevation Experience, the official kickoff to this year's Invesco QQQ Orange Blossom Classic, is a free, one-day leadership and empowerment event that convenes women leaders, creatives, entrepreneurs and change-makers from across Florida for a day of celebration and networking, with panels, brand activations and a headline performance by Grammy-nominated artist, Yo-Yo. 'I wanted every woman who walks through those doors to feel like she belongs, like this space was created with her in mind, not just as a professional, but as a whole person,' Bulluck-Major said. 'It's a place where you don't have to shrink, explain, or prove, you just get to be and be poured into. My hope is that women leave feeling more connected, more inspired, and more clear about the power they carry.' Equip, Align, Execute Presented by Bacardi Denny's Orange Blossom Classic. For those who assume women and football don't mix, Bulluck-Major sees it differently. 'Women love sports, and more importantly, women shape culture,' she said. 'The OBC honors that by designing experiences that reflect our full presence, whether in the boardroom, the tailgate or the 50-yard line.' At the heart of her mission is a desire to challenge outdated rules about who gets to lead, and how. 'I've broken through the idea that Black women can't lead in spaces traditionally dominated by men, money, and legacy institutions. I want to break the barrier that says we can't scale, that our ideas don't deserve capital, and that our culture is only valuable when it fits a stereotype,' Bulluck-Major said. 'I want to redefine what leadership looks like, not just for me, but for the next generation of Black women watching and building behind the scenes. And I'm not interested in just leaving a blueprint. I want to leave open doors, broken ceilings, and unapologetic examples of what's possible when we lead in our fullness.'
