Invesco Growth Multi-Asset Allocation ETF Price & Performance (PSMG)

Invesco reported $17.6 billion in net long-term inflows for Q1 2025, with assets under management reaching $1.8 trillion. The firm increased its quarterly dividend and executed share buybacks. Invesco also revealed a $1 billion repurchase of preferred stock from MassMutual, alongside a new partnership targeting U.S. wealth channels.12

For the tenth month in a row, Invesco’s tactical asset allocation framework signals contraction, prompting a defensive stance with a preference for bonds over equities. The firm remains neutral on developed ex-U.S. equities and overweight on low volatility and quality stocks, reflecting cautious optimism amid ongoing global economic uncertainty.23

The Invesco Growth Multi-Asset Allocation ETF (PSMG) posted a -12.4% return in 2024, underperforming its category, though its three- and five-year returns remain competitive. Despite recent setbacks, the ETF has maintained a high ranking over longer periods, suggesting resilience in a challenging market environment.45