In this edition, a new world of direct indexing and Mass Personalization; Nordson set to capitalize on favorable secular trends; we see Western Union going in right direction; and Monolithic Power Systems, Compass Minerals, and Evotec.

Invesco is an independent global investment manager; it provides a variety of investment alternatives to high-net-worth and retail investors, as well as to institutions worldwide. Headquartered in Atlanta and incorporated in Bermuda, it offers investors equity, fixed-income, and alternative investment funds. IVZ shares are a component of the S&P 500. The company's operations date back to England and Wales in 1935, and the original Invesco was founded in the United States in 1978. After a series of smaller mergers in the 1980s, the company merged with AIM in 1997 to form AMVESCAP, and was then rebranded as Invesco in 2007. In May 2019, Invesco acquired the Oppenheimer Funds asset management affiliate of MassMutual.

At midday Wednesday, the major benchmarks were in the red amid a continued upward surge in interest rates. The yield on the benchmark 10-year Treasury note was up 5 basis points at 4.25%, rising more than 50 basis points since the start of October.

Invesco provides investment-management services to retail (66% of managed assets) and institutional (34%) clients. At the end of August 2024, the firm had $1.752 trillion in assets under management spread among its equity (58% of AUM), balanced (4%), fixed-income (23%), alternative investment (7%), and money market (8%) operations. Passive products account for 42% of Invesco's total AUM, including 65% of the company's equity operations and 15% of its fixed-income platform. Invesco's US retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 28% of its AUM sourced from Europe, Africa, and the Middle East (14%) and Asia (14%).