IVZ - Invesco Ltd. (IVZ) Q1 2024 Earnings Call Transcript
2024-04-23 12:01:03 ET
Invesco Ltd. (IVZ)
Q1 2024 Earnings Conference Call
April 23, 2024, 9:00 AM ET
Company Participants
Greg Ketron - Head, Investor Relations
Andrew Schlossberg - President and CEO
Allison Dukes - Chief Financial Officer
Conference Call Participants
Dan Fannon - Jefferies
Ken Worthington - JPMorgan
Brennan Hawken - UBS
Glenn Schorr - Evercore
Bill Katz - TD Cowen
Brian Bedell - Deutsche Bank
Craig Siegenthaler - Bank of America
Presentation
Operator
Welcome to Invesco’s First Quarter Earnings Call -- Conference Call, excuse me. All participants will be on a listen-only mode until the question-and-answer session. [Operator Instructions] This call will last one hour. To allow more participants to ask questions, one question and a follow-up can be submitted per participant. As a reminder, today’s call is being recorded.
Now I’d like to turn the call over to Greg Ketron, Invesco’s Head of Investor Relations. Sir, you may begin.
Greg Ketron
All right. Thanks, Operator, and to everyone joining us on the call today. In addition to our press release, we have provided a presentation that covers the topics we plan to address. The press release and presentation are available on our website, invesco.com. This information can be found by going to the Investor Relations section of the website.
Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slide 2 of the presentation regarding these statements and measures, as well as the appendix for the appropriate reconciliations to GAAP.
Finally, Invesco is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties. The only authorized webcasts are located on our website.
Andrew Schlossberg, President and CEO; and Allison Dukes, Chief Financial Officer, will present our results this morning and then we’ll open up the call for questions.
I’ll now turn the call over to Andrew.
Andrew Schlossberg
Thank you, Greg, and good morning to everyone. I’m pleased to be speaking with you today. Economic conditions remained relatively resilient in the first quarter and even though these diminished expectations for Central Bank cuts this year, equity markets continued to rise. The S&P 500 gained 10% during the quarter, again making it the best-performing major equity index.
As the quarter progressed, market breadth began to improve, though gains in large-cap growth and tech stocks continued to significantly lead the U.S. equity market rally. More modest growth was recorded in developed markets outside of the U.S....
Invesco Ltd. (IVZ) Q1 2024 Earnings Call Transcript