1、This study is not intended for members of the public or retail investors.Full audience information is available on the next page.2 0 2 5Invesco Global Sovereign Asset Management Study 02Contents This marketing communication is for professional investors in Continental Europe(as defined in the import

2、ant information at the end);Malta,Cyprus,Dubai,Jersey,Guernsey,Isle of Man,Ireland,SouthAfrica and the UK;for Qualified Clients/Sophisticated Investors in Israel;for a Middle East client,Exempt Investor,Accredited Investor or non-Natural Qualified Investor;forInstitutional Investors in the United St

3、ates;for AFPs and Qualified Investors in Chile;for Accredited and Institutional Investors in Mexico,for Sophisticated or Professional Investors in Australia;forProfessional Investors in HongKong;for Institutional Investors and/or Accredited Investors in Singapore;for Qualified Institutional Investor

4、s and/or certain specific institutionalinvestors inThailand,for certain specific institutional investors in Malaysia upon request;for certain specific institutional investors in Indonesia,for certain specific sovereign wealth funds and/or Qualified Domestic Institutional Investors approved by local

5、regulators only in the Peoples Republic of China,for Wholesale Investors(as defined in the Financial Markets Conduct Act)in New Zealand,in Taiwan for certain specific Qualified Institutions and/or Sophisticated Investors;for certain specific institutional investors in Brunei;for Qualified Profession

6、al Investors in Korea,for qualified buyers in the Philippines for informational purposes only;in Canada this document is for use by investors who are(i)Accredited Investors,(ii)Permitted Clients,as defined under National Instrument 45-106 and National Instrument 31-103,respectively,and for one-on-on