Invesco ETF Closures Boost 2020 Number

2020 will likely rival 2018 for number of closures.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

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:

FundTicker
Invesco DWA NASDAQ Momentum ETFDWAQ
Invesco DWA Tactical Multi-Asset Income ETFDWIN
Invesco DWA Tactical Sector Rotation ETFDWTR
Invesco BRIC ETFEEB
Invesco Global ESG Revenue ETFESGF
Invesco ESG Revenue ETFESGL
Invesco MSCI Emerging Markets Equal Country Weight ETF EWEM
Invesco Frontier Markets ETF FRN
Invesco CurrencyShares Chinese Renminbi TrustFXCH
Invesco CurrencyShares Swedish Krona TrustFXS
Invesco CurrencyShares Singapore Dollar Trust FXSG
Invesco S&P High Income Infrastructure ETFGHII
Invesco China Small Cap ETFHAO
Invesco Emerging Markets Debt Defensive ETFIEMD
Invesco Emerging Markets Debt Value ETFIEMV
Invesco Corporate Income Defensive ETFIHYD
Invesco Corporate Income Value ETFIHYV
Invesco Multi-Factor Core Fixed Income ETFIMFC
Invesco Multi-Factor Defensive Core Fixed Income ETF IMFD
Invesco Multi-Factor Income ETFIMFI
Invesco Multi-Factor Core Plus Fixed Income ETFIMFP
Invesco LadderRite 0-5 Year Corporate Bond ETFLDRI
Invesco S&P Global Dividend Opportunities Index ETFLVL
Invesco Insider Sentiment ETFNFO
Invesco Russell 1000 Momentum Factor ETFOMOM
Invesco Russell 1000 Quality Factor ETFOQAL
Invesco Russell 1000 Size Factor ETFOSIZ
Invesco Russell 1000 Value Factor ETFOVLU
Invesco Russell 1000 Low Volatility Factor ETFOVOL
Invesco Russell 1000 Yield Factor ETF OYLD
Invesco Dynamic Retail ETFPMR
Invesco Emerging Markets Ultra Dividend Revenue ETFREDV
Invesco Emerging Markets Revenue ETFREEM
Invesco International Revenue ETF REFA
Invesco Global Revenue ETFRGLB
Invesco International Ultra Dividend Revenue ETFRIDV
Invesco S&P Financials Revenue ETFRWW
Invesco Shipping ETFSEA
Invesco China Real Estate ETFTAO
Invesco BLDRS Asia 50 ADR Index ETFADRA
Invesco BLDRS Developed Markets 100 ADR Index FundADRD
Invesco BLDRS Europe Select ADR Index FundADRU

 

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]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.