Invesco AI and Next Gen Software ETF Price & Performance (IGPT)

Invesco and Barings have announced a move to broaden access to private credit opportunities, targeting retail investors who previously faced barriers to entry. This initiative signals a shift in the private credit market, as established asset managers seek to diversify their client base and tap into growing demand from everyday savers.12

Argus Research has lowered its price target for Invesco to $17 from $22, while maintaining a buy rating. The adjustment reflects ongoing market volatility and recent performance challenges. This revision comes as Invesco pursues strategic initiatives, including a $1 billion preferred stock repurchase announced earlier today.32

The Invesco AI and Next Gen Software ETF has underperformed key benchmarks, with a year-to-date return of -10.26% as of March 31. Major holdings include Alphabet, NVIDIA, and Meta. The fund's results highlight the recent struggles of technology-focused ETFs amid a challenging environment for growth stocks.45