August 18, 2017 – Source and Invesco PowerShares join forces: Effective 18th August 2017, Invesco Ltd. has completed its acquisition of Source, a leading independent specialist provider of exchange-traded funds (ETFs). As a result of this acquisition, clients now have access to a broad array of ETFs from a single source.
“The addition of Source’s specialist expertise and product innovation to Invesco’s strong and diversified range of investment capabilities will further enhance our ability to meet the investment needs and outcomes our clients seek”, said Martin L. Flanagan, president and CEO of Invesco.
For clients, we believe the combined business will deliver:
- Greater choice. The combined product set provides clients with access to a range of over 80 ETPs, spanning diverse asset classes and investment strategies as well as both physical and synthetic replication approaches.
- Innovation. PowerShares and Source share a focus on new product development and service excellence. To deliver this, we now have a team of over 100 dedicated ETF professionals in Europe, benefiting from the expertise and scale of the Invesco Group.
- Strong commitment. Invesco aims to further develop and expand its global ETF business. The company is committed to this growing market and understands the importance of a strong ETF capability to meet clients’ needs.
Please click here to read our press release.