Invesco to repay $105 million to correct botched index fund rebalancing
A delay caused by the COVID-19 pandemic triggered a costly mix-up
Invesco is ponying up approximately $105 million to make investors in an index fund whole following a botched quarterly rebalancing that caused the fund to lag the index by roughly 170 basis points during the last week of April.
The quarterly rebalancing, which normally takes place on the last Fr
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