A Fresh Bullish Note for the Housing Market

A new bullish vote for the housing market.

Matt Koppenheffer
Matt Koppenheffer
Feb 8, 2013 at 4:36PM

In this video, Matt Koppenheffer reviews Invesco's (NYSE:IVR) latest earnings report and, more importantly, its current investment strategy.  As agency-backed mortgage securities become more expensive due to Federal Reserve purchases, Invesco has shifted to non-agency mortgage investments. This reflects increased confidence in the American economy and housing market. Invesco isn't alone. Annaly Capital Management (NYSE:NLY) is also in the process of making a shift in its investment portfolio. While we've heard a lot of talk about improvement in the housing market and economy, these moves by Invesco and Annaly suggest that confidence in that conclusion may be growing.