Seeking Alpha

Buying opportunity in Invesco?

  • The decline in Invesco (IVZ -0.5%) since the announced departure of star fund manager Neil Woodford looks like an overreaction to Citi's William Katz, who figures the stock is now pricing in something close to 80% asset flight (Woodford manages about $50B).
  • Katz notes the departure of Peter Lynch from Magellan saw that fund lose just 4% of AUM, and while Jeff Gundlach's exit from TCW's Total Return Bond Fund saw 53% of assets go with him, there was a high-profile spat going on at the time. Still, even that didn't reach 80%.
  • A Telegraph survey indicates 64% will take a "wait and see" approach to the impact of new portfolio manager. Just 16% say they would sell their funds right away.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs