Invesco said to mull ETF-only Guggenheim deal

Buying just the exchange-traded funds would add $36 billion in assets to its PowerShares family

Aug 24, 2017 @ 12:21 pm

By Investment News

Invesco's rumored purchase of Guggenheim Partners' retail mutual fund business may be limited to a $1 billion buyout of Guggenheim's ETF operations, Barron's reports.

That represents a significant rollback from previous rumors. Earlier in August, there was talk that Invesco would spend $2 billion to buy the entire Guggenheim retail business.

Guggenheim has 77 exchange-traded funds. But its 10 largest ETFs, mostly in fixed-income instruments, account for about 65% of the firm's $36 billion in ETF assets under management, Barron's said.

Out of its total $858 billion in managed assets, Invesco has $125 billion through its PowerShares family of ETFs, making it the fourth largest ETF manager in the industry.

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