Invesco ETF Closures Boost 2020 Number
2020 will likely rival 2018 for number of closures.
Closures have exploded in 2020, with Invesco completing 42 fund shutdowns late last week after announcing them in December 2019. After Invesco’s multiple acquisitions in recent years, the changes likely reflect an attempt to streamline its lineup and eliminate redundancies.
At the time of the announcement, eight of the targeted ETFs had more than $50 million each in assets under management.
The closed funds are shown in the table below:
Fund | Ticker |
Invesco DWA NASDAQ Momentum ETF | DWAQ |
Invesco DWA Tactical Multi-Asset Income ETF | DWIN |
Invesco DWA Tactical Sector Rotation ETF | DWTR |
Invesco BRIC ETF | EEB |
Invesco Global ESG Revenue ETF | ESGF |
Invesco ESG Revenue ETF | ESGL |
Invesco MSCI Emerging Markets Equal Country Weight ETF | EWEM |
Invesco Frontier Markets ETF | FRN |
Invesco CurrencyShares Chinese Renminbi Trust | FXCH |
Invesco CurrencyShares Swedish Krona Trust | FXS |
Invesco CurrencyShares Singapore Dollar Trust | FXSG |
Invesco S&P High Income Infrastructure ETF | GHII |
Invesco China Small Cap ETF | HAO |
Invesco Emerging Markets Debt Defensive ETF | IEMD |
Invesco Emerging Markets Debt Value ETF | IEMV |
Invesco Corporate Income Defensive ETF | IHYD |
Invesco Corporate Income Value ETF | IHYV |
Invesco Multi-Factor Core Fixed Income ETF | IMFC |
Invesco Multi-Factor Defensive Core Fixed Income ETF | IMFD |
Invesco Multi-Factor Income ETF | IMFI |
Invesco Multi-Factor Core Plus Fixed Income ETF | IMFP |
Invesco LadderRite 0-5 Year Corporate Bond ETF | LDRI |
Invesco S&P Global Dividend Opportunities Index ETF | LVL |
Invesco Insider Sentiment ETF | NFO |
Invesco Russell 1000 Momentum Factor ETF | OMOM |
Invesco Russell 1000 Quality Factor ETF | OQAL |
Invesco Russell 1000 Size Factor ETF | OSIZ |
Invesco Russell 1000 Value Factor ETF | OVLU |
Invesco Russell 1000 Low Volatility Factor ETF | OVOL |
Invesco Russell 1000 Yield Factor ETF | OYLD |
Invesco Dynamic Retail ETF | PMR |
Invesco Emerging Markets Ultra Dividend Revenue ETF | REDV |
Invesco Emerging Markets Revenue ETF | REEM |
Invesco International Revenue ETF | REFA |
Invesco Global Revenue ETF | RGLB |
Invesco International Ultra Dividend Revenue ETF | RIDV |
Invesco S&P Financials Revenue ETF | RWW |
Invesco Shipping ETF | SEA |
Invesco China Real Estate ETF | TAO |
Invesco BLDRS Asia 50 ADR Index ETF | ADRA |
Invesco BLDRS Developed Markets 100 ADR Index Fund | ADRD |
Invesco BLDRS Europe Select ADR Index Fund | ADRU |
Closures have been taking place at a brisk pace so far in 2020, with seven already completed before Invesco’s wave of shutdowns, and several more announced for later in the year.
Invesco’s dramatic changes are similar to those of Barclays’ iPath arm in April 2018, when the ETN issuer shuttered 50 products, the largest mass closure of its kind. It boosted ETF closures that year to an all-time high. Invesco’s action could do the same for 2020.
Contact Heather Bell at [email protected]