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Invesco cuts fees on two PowerShares ETFs


Invesco is cutting the management fees on the PowerShares S&P 500 Momentum Portfolio (SPMO) and the PowerShares S&P 500 Enhanced Value Portfolio (SPVU) from 0.25 per cent to 0.13 per cent.

The changes will take effect from 1 January, 2018.

“We are constantly evaluating our product offerings to ensure that we are offering cost-efficient investment solutions to meet the needs of our investors,” says Dan Draper, Global Head of ETFs at Invesco. 

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