Bank of America/ Merrill Lynch Banking and Financial Services Conference Com m itm ent to investm ent excellence Martin L. Flanagan President and Chief Executive Officer Invesco Ltd. November 15, 2011 All information as of September 30, 2011 unless otherwise noted. Please refer to the Appendix for important information
I nvesco: W ho w e are A leading independent global investment manager Our global resources include: • $598.4 billion in assets under management around the globe. • Specialized investment teams managing investments across a wide range of asset classes and investment styles. • More than 600 investment professionals and more than 6,000 employees worldwide. • Local client support in more than 20 countries, serving clients in more than 150 countries. Our clients benefit from our: • Commitment to investment excellence. • Depth of investment capabilities. • Organizational strength. Source: Invesco. All data as of September 30, 2011. Invesco Ltd. AUM includes all assets under advisement, distributed and overseen by Invesco, including those of its affiliates Invesco Distributors, Inc. and Invesco PowerShares Capital Management LLC, which have an agreement with Deutsche Bank to provide certain marketing services for the PowerShares DB products. Invesco PowerShares Capital Management LLC is the sponsor for the PowerShares QQQ and BLDRS products and unit investment trusts. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and the PowerShares DB Funds. Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are wholly-owned, indirect subsidiaries of Invesco Ltd. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.’s retail products. Invesco Ltd. is not affiliated with ALPS Distributors, Inc. or Deutsche Bank. 2
I nvesco focuses on four key strategic priorities The m arkets are global and so is our com pany Achieve strong investm ent perform ance Perpetuate a Deliver our investm ent Take advantage of high-perform ance capabilities anyw here our w orld of opportunity as a prem ier organization in the w orld to m eet global investm ent client needs m anagem ent firm Harness the pow er of our global operating platform 3
Achieve strong investm ent perform ance Source: Invesco. Client-related data, investment professional and employee data are as of Sept. 30, 2011. Invesco Ltd. assets under management are as of Sept. 30, 2011; refer to page 2 for additional information on AUM. The listed centers do not all provide products or services that are available in all jurisdictions, nor are their products and services available on all platforms. The entities listed are each wholly owned, indirect subsidiaries of Invesco Ltd., except ALPS Distributors Inc., Deutsche Bank and Invesco Great Wall in Shenzhen, which is a joint venture between Invesco and Great Wall Securities, and the Huaneng Invesco WLR Investment Consulting Company Ltd. in Beijing, which is a joint venture between Huaneng Capital Services and WL Ross & Co. Please consult your Invesco representative for more information. 4
Achieve strong investm ent perform ance Invesco’s Enterprise Risk Management (ERM) Framework: A strong and effective foundation for a sound risk-management culture Board of Directors and Independent Fund Boards Risk Oversight & Executive Management Team Governance Risk Areas of Focus Credit/ Asset/ I nvestm ent Financial Operational Business Liability Global Performance Measurement and Risk Corporate Risk Management Committee • Timely and consistent identification, • Facilitates investment oversight function evaluation, and mitigation of operational and Risk • Independently reviews investment execution business risk Managem ent and process application • Senior executives from all major business Facilitation • Monitors consistency of investment results with functions including: mandates, market environments, client and CIO – Investment management/ trading expectations – Product management • 50+ professionals – Administration (IT, IO, HR, Procurement) – Portfolio operations – Legal and compliance – Finance and internal audit – Strategy Investment Risk Management Risk Managing our core risks through the Investment m anagem ent Centers em bedded in the business Business/ Operational Risk Management Managing all other risks in the business I nternal Compliance and Internal Audit Control Facilitate and monitor internal control at all levels
Achieve strong investm ent perform ance Aggregate performance analysis – asset weighted Percent of assets in top half of peer group* 1 -Year 3 -Year 5 -Year 68% 78% 82% 18% 22% 32% % Assets top half of peer group % Assets bottom half of peer group * I ncludes AUM of $338.8 billion (57% of total I VZ) for 1 year, $333.7 billion (56% of total I VZ) for three year, and $329.1 billion (55% of total I VZ) for 5 year. P eer group rankings are sourced from a widely-used third party ranking agency in each fund’s market (Lipper, M orningstar, R ussell, M ercer, eVestment Alliance, S I TC A) and asset- weighted in US D. R ankings are as of prior quarter-end for most institutional products and prior month-end for Australian retail funds due to their late release by third parties. R ankings for the most representative fund in each G I P S composite are applied to all products within each G I P S composite. E xcludes passive products, closed-end funds, private equity limited partnerships, non-discretionary direct real estate, unit investment trusts and C DOs. C ertain funds and products were excluded from the analysis because of limited benchmark or peer group data. Had these been available, results may have been different. These results are preliminary and subject to revision. P erformance assumes the reinvestment of dividends. P ast performance is not indicative of future results and may not reflect an investor’s experience. 6
Deliver our investm ent capabilities anyw here in the w orld A w ide range of investm ent capabilities Equity Fixed I ncom e and Asset Allocation Alternative Money Market AUM: $ 2 5 3 .2 B AUM: $ 2 2 0 .3 B AUM: $ 4 1 .5 B AUM: $ 8 3 .5 B • Market cap • Duration • Active balanced • Absolute return • Financial structures • Investment style • Quality • Global macro – Market neutral – Bank loans • Global/ regional/ • Sector • Risk parity (risk – Multistrategy – Credit arbitrage single country • Global/ regional premia capture) • Private equity – Opportunistic • Developed/ • Developed/ • Target maturity – Fund of funds • Real estate emerging emerging • Target risk – Buyout, emerging – Public real estate • Sector • Taxability • Traditional balanced • Capital protection securities • Quantitative • Municipals (Europe/ Australia) – Private direct • Directional long/ short – Investment grade • Commodities – U.S., Asian, (130/ 30) – High yield European, global – State specific Source: Invesco. Invesco Ltd. AUM is as of September 30, 2011; refer to slide 2 for additional information on AUM. Not all products, materials or services are available to all investors. Offshore products are only available via financial intermediaries and include residency restrictions. 7
Deliver our investm ent capabilities anyw here in the w orld A w ide range of investm ent capabilities Equity Fixed I ncom e and Asset Allocation Alternative Money Market AUM: $ 2 5 3 .2 B AUM: $ 2 2 0 .3 B AUM: $ 4 1 .5 B AUM: $ 8 3 .5 B • Market cap • Duration • Active balanced • Absolute return • Financial structures • Investment style • Quality • Global macro – Market neutral – Bank loans • Global/ regional/ • Sector • Risk parity (risk – Multistrategy – Credit arbitrage single country • Global/ regional premia capture) • Private equity – Opportunistic • Developed/ • Developed/ • Target maturity – Fund of funds • Real estate emerging emerging • Target risk – Buyout, emerging – Public real estate • Sector • Taxability • Traditional balanced • Capital protection securities • Quantitative • Municipals (Europe/ Australia) – Private direct • Directional long/ short – Investment grade • Commodities – U.S., Asian, (130/ 30) – High yield European, global – State specific Delivered to investors through diverse investm ent vehicles Mutual funds Institutional Collective Exchange-traded Unit investment trusts (open/ closed end, separate accounts trusts funds (ETFs) (UITs) on/ offshore) Separately managed Private Sub- Variable accounts/ unified Customized solutions placements advised insurance funds managed accounts Source: Invesco. Invesco Ltd. AUM is as of September 30, 2011; refer to slide 2 for additional information on AUM. Not all products, materials or services are available to all investors. Offshore products are only available via financial intermediaries and include residency restrictions. 8
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