Fund manager Invesco has acquired exchange-traded fund (ETF) independent specialist provider Source.

Invesco already has the Invesco Powershares ETF range and it said combining this with Source would significantly enhance its ETF offering to clients in Europe and the rest of the world. Invesco senior managing director and head of EMEA, Andrew Schlossberg, commented on the purchase: “The acquisition brings additional talent and a broad array of funds that expands the choices clients have for Invesco’s active, passive and alternative capabilities.” He added that it would expand the depth and breadth of Invesco’s factor-based strategies and ETFs, add to dedicated ETF specialists in sales, marketing, capital markets and product development, and boost Invesco’s market position in Europe, while also adding scale in the ETF market globally.

 

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Published: April 1, 2017
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