Featured Company News – Invesco Acquires Guggenheim Investments’ Exchange-Traded Funds

LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Invesco Ltd (NYSE: IVZ), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=IVZ. The Company announced on September 28, 2017, that it has entered into an agreement to acquire the exchange-traded funds (ETF) business of Guggenheim Investments’ for $1.2 billion cash. As on August 31, 2017, the assets under management were $36.7 billion and would add to the Company’s portfolio of active, passive, and alternative ETFs. The deal will be completed in a combination of cash and debt and is expected to close in Q2 post necessary approvals from third-parties such as regulatory matters, respective ETF boards, and ETF shareholders’ approval. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Advantages of the Merger

Invesco’s market-leading ETF capabilities will be enhanced to meet the institutional and retail needs in the US and across the globe as Invesco’s assets under management will increase to $196 billion globally. Firstly, Guggenheim Investments’ ETFs complement the Invesco strategy perfectly and will add to the traditional and smart beta ETFs. While adding to the global portfolio, it will also increase the competitiveness in the US Wealth Management Intermediaries business. The deal will also increase interaction across client platforms which will enable serving an expanded range of ETFs to the institutional market based on their self-indexing capabilities. The combined synergies of the platforms will increase the operational efficiencies for processing.

Besides these, Invesco is also looking to firm up its fixed income, self-weighted indexes, and equal weight offerings. They will have more channels to work with and increase the scale. The popular BulletShares®ETFs will now be part of the portfolio of the Company.

About Invesco Ltd

Invesco is an Independent Investment Management firm and a multi-national broad-based key player across the globe with a presence in 20 countries. It has 7,000 employees who provide the intellectual capital, global strength, and operational stability to help clients achieve their investment objectives.

Guggenheim Investments

For Guggenheim Investments, the next step in this strategy will sharpen its focus on its core strengths of active portfolio management for institutional and retail investment. It wants to take its risk-adjusted, repeatable performance with sound fundamental research and analysis. Guggenheim Investments was advised by Citigroup Global Markets for the deal.

Its total assets under management are $242 billion, as on August 31, 2017, across fixed income, equity, and alternative strategies. The company’s ETF business stands at $36.7 billion in AUM with 60% in smart beta product suites. It has 77 ETFs where the top five funds account for 52% of the ETF assets. 74% of its ETF AUM have Morningstar ratings of 3 and above. The growth in AUM is high mostly on organic factors.

Last Close Stock Review

On Friday, September 29, 2017, the stock closed the trading session at $35.04, climbing 2.22% from its previous closing price of $34.28. A total volume of 3.33 million shares have exchanged hands, which was higher than the 3-month average volume of 2.41 million shares. Invesco’s stock price surged 8.01% in the last one month, 14.40% in the past six months, and 15.11% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 15.49%. The stock is trading at a PE ratio of 15.63 and has a dividend yield of 3.31%. The stock currently has a market cap of $14.36 billion.

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