MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, January 31, 2012 How Powerful is Invesco's ETF Hedge? Invesco [profile] is a giant, traditional, active mutual fund firm and asset manager, yet it also boasted $96 billion in passive strategies, including ETFs, at the end of last year. Ari Weinberg of Forbes ponders the strength of PowerShares [profile], which he calls Invesco's "hedge for its core business." "For a taste of the internal conflict roiling the asset management industry, look no further than the latest earnings report from Invesco," Forbes writes. Forbes notes Invesco's active strategies only brought in $1.7 billion in net inflows last year, compared to $17.5 billion on the passive side. And Invesco's $103-billlion active mutual fund business saw $4.2 billion net flow out. Printed from: MFWire.com/story.asp?s=38986 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |