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Invesco completes acquisition of Guggenheim Investments’ ETF business


Invesco Ltd has completed its previously announced acquisition of Guggenheim Investments’ exchange-traded funds (ETF) business, which consists of USD38.8 billion of assets under management as of 28 February 2018.

Invesco says the acquisition strengthens its ETF capabilities as well as its efforts to meet the needs of institutional and retail clients in the US and across the globe, which will contribute further to the growth and long-term success of the business. With this acquisition, Invesco’s ETF assets under management total more than USD215.3 billion globally (as of 28 February 2018).
“Since our announcement of the proposed transaction in September 2017, we’ve continued to deliver strong investment performance for our clients and strengthened our business momentum while working towards a successful close of this transaction,” says Martin L Flanagan, president and CEO of Invesco. “The addition of Guggenheim’s products to Invesco’s strong and diversified range of active, passive and alternative capabilities and expertise will further enhance our ability to meet the investment needs of our clients and deliver the value they seek.”
“We’re excited to add Guggenheim Investments’ complementary ETF business, including well-known products such as BulletShares and S&P500 Equal Weight ETF (NYSE: RSP), to our existing robust range of factor, smart beta, fixed income and equal weight ETFs,” says Dan Draper, global head of ETFs at Invesco.  “This acquisition strengthens our ability to build better and more diversified portfolios through our solutions platform, enhances the range of capabilities available via Jemstep (our advisor-focused digital solution), and helps us better meet the needs of our clients. Our focus continues to be on taking care of clients while leveraging our extensive client-facing distribution force to accelerate the growth of the business.”
The aggregate purchase price paid by Invesco upon completion of the transaction was USD1.2 billion.

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