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UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token, utilizing Ethereum blockchain technology. This move reflects a growing investor interest in tokenized financial assets, with projections suggesting that assets under management in such funds could reach $600 billion by 2030. The firm is expanding its tokenization services, having previously piloted a tokenized Variable Capital Company fund and completed a cross-border transaction with a digital bond on a public blockchain.
Franklin Templeton faces unprecedented outflows, losing over $37 billion from its troubled Western Asset Management unit amid investigations into alleged trading misconduct by co-CIO Ken Leech. The firm, once poised to benefit from falling interest rates, now struggles with reputational damage and poor performance, leading to significant client withdrawals and a projected $31 billion in net outflows for the quarter. As competitors gain traction in fixed income, Western's future remains uncertain, with many investors seeking new management options.
Invesco Ltd., a leading global asset management firm, offers investment advisory services across four main areas: investment fund management, corporate asset management, private asset management, and exchange-traded funds. By the end of 2023, the company reported assets under management totaling USD 1,585.3 billion, with net sales primarily concentrated in the Americas (76.6%), followed by Europe/Middle East/Africa (18.8%) and Asia/Pacific (4.6%).
Invesco Ltd., a leading global asset management firm, offers investment advisory services across four main areas: investment fund management, corporate asset management, private asset management, and exchange-traded funds. By the end of 2023, the company reported assets under management totaling USD 1,585.3 billion, with net sales primarily concentrated in the Americas (76.6%), followed by Europe/Middle East/Africa (18.8%) and Asia/Pacific (4.6%).
EntryPoint Capital LLC acquired a $64,000 stake in Invesco, which is 66.09% owned by institutional investors. UBS Group raised Invesco's price target from $17.50 to $19.00, maintaining a "neutral" rating, while analysts generally rate the stock as a "Hold" with a consensus target of $17.88. Invesco reported $0.43 EPS for the last quarter, exceeding expectations, despite a slight revenue decline.
State Street Global Advisors and Apollo Global Management have proposed a groundbreaking ETF that would invest in both public and private credit, pending SEC approval. While this move aims to democratize access to private markets, concerns about valuation, liquidity, and potential self-dealing remain, as the ETF would rely heavily on Apollo for asset pricing and liquidity. The initiative reflects a growing trend to merge private and public investments, despite skepticism regarding the implications for long-term investment strategies.
Invesco Ltd.
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ubs launches first tokenized investment fund amid growing market demand
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