IVZ - Invesco Ltd. (IVZ) Q4 2023 Earnings Call Transcript
2024-01-23 10:28:03 ET
Invesco Ltd. (IVZ)
Q4 2023 Earnings Conference Call
January 23, 2022 09:00 AM ET
Company Participants
Greg Ketron - Head, Investor Relations
Andrew Schlossberg - President & Chief Executive Officer
Allison Dukes - Chief Financial Officer
Conference Call Participants
Glenn Schorr - Evercore
Daniel Fannon - Jefferies
Ken Worthington - JPMorgan
Bill Katz - TD Cowen
Mike Brown - KBW
Brennan Hawken - UBS
Brian Bedell - Deutsche Bank
Craig Siegenthaler - Bank of America
Michael Cyprys - Morgan Stanley
Presentation
Operator
Thank you for standing by, and welcome to Invesco's Fourth Quarter Earnings Conference Call. All participants will be in a listen-only mode until the question-and-answer session. [Operator Instructions] 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. Thank you. You may begin.
Greg Ketron
All right. Thanks, operator, and to all of you joining us today. In addition to the press release, we have provided a presentation that covers the topics we plan to address on the call today. The press release and presentation are available on our website at 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 webcast 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
Thanks, Greg, and hello, everyone, and I'm pleased to be speaking with you today. In a reversal from the third quarter, overall market sentiment in the fourth quarter turned more constructive as investors began to gain confidence, putting money back to work in the last several weeks of the calendar year. Equities and fixed income were both beneficiaries of a growing belief that central banks would cut rates sooner in 2024.
The S&P was the best-performing major equity index and while outside the US, there was solid market growth in Europe, while China continued to lag. Fixed income markets performed well, led by government bonds as expectations for tightening interest rates earlier in 2024 prevailed.
The market volatility and shifting macro trends exhibited this past quarter, strengthened our conviction in the areas we focused on throughout 2023, and continuing to reposition Invesco to perform through various market cycles and in front of the rapid evolution underway in our industry....
Invesco Ltd. (IVZ) Q4 2023 Earnings Call Transcript