Invesco Plans 19 ETF Closures

As 2018 draws to a close, we are already seeing ETF closures being scheduled for the early months of 2019. Invesco recently announced it would be shutting down almost 20 ETFs in February. The products are as follows:

• Invesco Russell 2000 Equal Weight ETF (EQWS)
• Invesco S&P 100 Equal Weight ETF (OEW)
• Invesco WilderHill Progressive Energy ETF (PUW)
• Invesco Wilshire Micro-Cap ETF (WMCR)
• Invesco Wilshire US REIT ETF (WREI)
• Invesco Zacks Micro Cap ETF (PZI)
• Invesco Canadian Energy Income ETF (ENY)
• Invesco China All-Cap ETF (YAO)
• Invesco Chinese Yuan Dim Sum Bond ETF (DSUM)
• Invesco DWA Momentum & Low Volatility Rotation ETF (DWLV)
• Invesco Emerging Markets Infrastructure ETF (PXR)
• Invesco Multi-Factor Large Cap ETF (GMFL)
• Invesco U.S. Large Cap Optimized Volatility ETF (OVLC)
• Invesco Multi-Strategy Alternative ETF (LALT)
• Invesco FTSE RAFI Asia Pacific ex-Japan ETF (PAF)
• Invesco Global Gold and Precious Metals ETF (PSAU)
• Invesco S&P 500 Value With Momentum ETF (SPVM)
• Invesco Zacks International Multi-Asset Income ETF (HGI)
• Invesco Global Agriculture ETF (PAGG)

The 19 funds will halt creations on Feb. 12 and shut down for good on Feb. 20, 2019. Given that Invesco has acquired multiple smaller issuers in the past few years, including Guggenheim and OppenheimerFunds in the U.S. and Source in Europe, it seems logical for the firm to prune its rapidly expanded lineup of 252 ETFs.

Most of the funds slated for closures top out at about $20 million in assets under management. However, DSUM is a notable exception, with $71 million in assets. The ETF launched in 2011.  

This year has been a record-breaker when it comes to ETF closures, with more than 140 funds shutting. The announcement from Invesco starts 2019 off with a bang in that regard.

Contact Heather Bell at [email protected]