Invesco To Add New BulletShares Family

June 05, 2018

When Invesco, formerly known as Invesco PowerShares, purchased the Guggenheim ETFs, one of the jewels of the new acquisition was its nearly $10 billion family of target-maturity bond ETFs. The 18 existing BulletShares fall into two families that cover high-yield and investment-grade corporate bonds maturing in specific years. Now Invesco has filed for 10 ETFs that will cover municipal bonds.

The 10 funds will be tied to indexes from Nasdaq that cover investment-grade municipal debt that is exempt from federal income taxes. Component issues must have at least $15 million in face value outstanding. The proposed ETFs respectively focus on debt maturing in the years 2019 to 2028, and are as follows:

The iShares iBonds family of target-date-maturity bond ETFs is the only direct competitor to the BulletShares lineup, and covers the investment-grade corporate and municipal bond spaces. However, the muni funds only cover the years 2019 through 2024, so Invesco clearly has BlackRock in its sights.

The Invesco filing did not include expense ratios or tickers, but it did note that the funds will list on the NYSE Arca.

Contact Heather Bell at [email protected]

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