Invesco to acquire ETF provider Source

Boosting PowerShares business

Natalie Kenway
clock • 2 min read

Invesco has announced it has entered into an agreement to acquire ETF provider Source, which will be combined with its existing PowerShares business.

The transaction includes the acquisition of approximately $18bn (£14bn) in Source-managed assets under management (AUM), plus approximately $7bn in externally managed AUM. This adds to Invesco's PowerShares business, which has AUM of $110bn as at 31 December 2016. A statement from Source said the acquisition, for an undisclosed sum, is expected to complete in Q3 2017. Invesco president and CEO Martin L Flanagan said: "We are excited about this opportunity to build on Invesco's 40 years of factor investing experience and our existing PowerShares ETF business, which will significantly e...

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Natalie Kenway
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