Invesco Closing 42 ETFs, $1B In Assets

The closures are a streamlining of an offering that was inflated by multiple acquisitions in recent years.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

 

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 TickerAUM ($M)
Invesco Insider Sentiment ETFNFO78.76
Invesco DWA Tactical Sector Rotation ETFDWTR69.39
Invesco S&P High Income Infrastructure ETFGHII62.95
Invesco Frontier Markets ETF FRN62.81
Invesco BRIC ETFEEB58.92
Invesco China Small Cap ETFHAO56.90
Invesco Multi-Factor Core Plus Fixed Income ETFIMFP52.65
Invesco China Real Estate ETFTAO52.48
Invesco Shipping ETFSEA49.12
Invesco DWA NASDAQ Momentum ETFDWAQ47.35
Invesco DWA Tactical Multi-Asset Income ETFDWIN43.07
Invesco Multi-Factor Income ETFIMFI41.96
Invesco Emerging Markets Debt Value ETFIEMV40.07
Invesco S&P Financials Revenue ETFRWW36.46
Invesco BLDRS Developed Markets 100 ADR Index FundADRD30.81
Invesco S&P Global Dividend Opportunities Index ETFLVL29.98
Invesco Multi-Factor Core Fixed Income ETFIMFC26.14
Invesco Emerging Markets Debt Defensive ETFIEMD25.80
Invesco ESG Revenue ETFESGL25.55
Invesco Global ESG Revenue ETFESGF24.55
Invesco Multi-Factor Defensive Core Fixed Income ETF IMFD20.52
Invesco BLDRS Asia 50 ADR Index ETFADRA18.46
Invesco Emerging Markets Revenue ETFREEM14.66
Invesco CurrencyShares Swedish Krona TrustFXS14.51
Invesco Global Revenue ETFRGLB13.53
Invesco Corporate Income Defensive ETFIHYD12.89
Invesco International Revenue ETF REFA12.78
Invesco MSCI Emerging Markets Equal Country Weight ETF EWEM12.41
Invesco Corporate Income Value ETFIHYV12.27
Invesco LadderRite 0-5 Year Corporate Bond ETFLDRI10.13
Invesco BLDRS Europe Select ADR Index FundADRU9.57
Invesco Dynamic Retail ETFPMR8.44
Invesco Russell 1000 Low Volatility Factor ETFOVOL7.79
Invesco Russell 1000 Momentum Factor ETFOMOM7.56
Invesco Russell 1000 Size Factor ETFOSIZ7.29
Invesco Russell 1000 Value Factor ETFOVLU7.29
Invesco Russell 1000 Yield Factor ETF OYLD7.10
Invesco Russell 1000 Quality Factor ETFOQAL6.21
Invesco CurrencyShares Singapore Dollar Trust FXSG3.62
Invesco CurrencyShares Chinese Renminbi TrustFXCH3.47
Invesco Emerging Markets Ultra Dividend Revenue ETFREDV3.41
Invesco International Ultra Dividend Revenue ETFRIDV2.38
Total Assets   1,132.01

 

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.