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Invesco Closing 42 ETFs, $1B In Assets | ETF.com

Invesco Closing 42 ETFs, $1B In Assets

December 13, 2019

 

Invesco is set to shutter 42 ETFs representing total assets under management of $1.13 billion. The closures are set to be completed by Feb. 14, 2020.  

The list of closures includes funds ranging in size from the miniscule $2.4 million Invesco International Ultra Dividend Revenue ETF (RIDV) to the sizable $78.8 million Invesco Insider Sentiment ETF (NFO). In fact, eight of the doomed ETFs have more than $50 million in assets, an unusual circumstance, as $50 million is widely considered to be the “rule of thumb” for an ETF to be safe from closure.

In the last several years, Invesco has acquired multiple competitors, including OppenheimerFunds’ and Guggenheim’s ETF operations. Guggenheim, in particular, had an extensive lineup when it was folded into Invesco’s ETF family and there were many resulting redundancies. It’s not surprising that well over half of the targeted funds are from Invesco’s acquired firms.

That said, this is the largest wave of closures to hit the ETF industry since Barclays' iPath ETN unit shuttered 50 products in 2018. After these closures are completed, Invesco will be left with 220 remaining ETFs. The firm currently has nearly $220 billion in assets under management and ranks as the fourth-largest issuer of ETFs in the U.S. 

The table below lists the closing funds and their assets under management:

 

Fund  Ticker AUM ($M)
Invesco Insider Sentiment ETF NFO 78.76
Invesco DWA Tactical Sector Rotation ETF DWTR 69.39
Invesco S&P High Income Infrastructure ETF GHII 62.95
Invesco Frontier Markets ETF  FRN 62.81
Invesco BRIC ETF EEB 58.92
Invesco China Small Cap ETF HAO 56.90
Invesco Multi-Factor Core Plus Fixed Income ETF IMFP 52.65
Invesco China Real Estate ETF TAO 52.48
Invesco Shipping ETF SEA 49.12
Invesco DWA NASDAQ Momentum ETF DWAQ 47.35
Invesco DWA Tactical Multi-Asset Income ETF DWIN 43.07
Invesco Multi-Factor Income ETF IMFI 41.96
Invesco Emerging Markets Debt Value ETF IEMV 40.07
Invesco S&P Financials Revenue ETF RWW 36.46
Invesco BLDRS Developed Markets 100 ADR Index Fund ADRD 30.81
Invesco S&P Global Dividend Opportunities Index ETF LVL 29.98
Invesco Multi-Factor Core Fixed Income ETF IMFC 26.14
Invesco Emerging Markets Debt Defensive ETF IEMD 25.80
Invesco ESG Revenue ETF ESGL 25.55
Invesco Global ESG Revenue ETF ESGF 24.55
Invesco Multi-Factor Defensive Core Fixed Income ETF  IMFD 20.52
Invesco BLDRS Asia 50 ADR Index ETF ADRA 18.46
Invesco Emerging Markets Revenue ETF REEM 14.66
Invesco CurrencyShares Swedish Krona Trust FXS 14.51
Invesco Global Revenue ETF RGLB 13.53
Invesco Corporate Income Defensive ETF IHYD 12.89
Invesco International Revenue ETF  REFA 12.78
Invesco MSCI Emerging Markets Equal Country Weight ETF  EWEM 12.41
Invesco Corporate Income Value ETF IHYV 12.27
Invesco LadderRite 0-5 Year Corporate Bond ETF LDRI 10.13
Invesco BLDRS Europe Select ADR Index Fund ADRU 9.57
Invesco Dynamic Retail ETF PMR 8.44
Invesco Russell 1000 Low Volatility Factor ETF OVOL 7.79
Invesco Russell 1000 Momentum Factor ETF OMOM 7.56
Invesco Russell 1000 Size Factor ETF OSIZ 7.29
Invesco Russell 1000 Value Factor ETF OVLU 7.29
Invesco Russell 1000 Yield Factor ETF  OYLD 7.10
Invesco Russell 1000 Quality Factor ETF OQAL 6.21
Invesco CurrencyShares Singapore Dollar Trust  FXSG 3.62
Invesco CurrencyShares Chinese Renminbi Trust FXCH 3.47
Invesco Emerging Markets Ultra Dividend Revenue ETF REDV 3.41
Invesco International Ultra Dividend Revenue ETF RIDV 2.38
Total Assets     1,132.01

 

Contact Heather Bell at hbell@etf.com

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