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.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

Geoffrey Brown: What's top of mind at NAPFA?

NAPFA is looking ahead at the rest of 2018 and has a broad agenda that includes improving diversity in the advice industry. What's next? Geoffrey Brown offers his insights.

Latest news & opinion

10 fastest-growing IBDs

These independent broker-dealers saw the biggest percentage gains in their revenue in 2017.

The unique nature of working with celebrity clients

Athletes and entertainers are just like everyone else — aside from complex tax issues, a lack of financial savvy and a need for prenups

Top 10 IBDs ranked by revenue

These independent broker dealers generated the most revenues in 2017.

8 podcasts advisers listen to when they aren't working

Listening to podcasts for the fun of it.

UBS continues to cut loans to recruits, while increasing compensation to brokers

The wirehouse reduced recruitment loans 20% and increased bonus loans 68% in the first quarter.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print