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 |
|
Thursday, June 13, 2024 A $1.66T-AUM AM Reloads a Suite With 2034, 2032 Funds The team at a $1.66-trillion-AUM (as of March 31), publicly traded asset manager is expanding their defined maturity bond ETF suite by two.
BSCY and BSJW's inception date was yesterday (i.e. Wednesday, June 12). BSJW comes with an expense ratio of 42 basis points and ended yesterday with $5 million in AUM, while BSCY comes with an expense ratio of 10bps and ended yesterday with $6.1 million in AUM. Invesco Capital Management LLC serves as investment advisor to both BSCY and BSJW. Invesco Indexing LLC serves as the funds' index provider. And the funds' PM team includes: Peter Hubbard, head of equities and director of portfolio management; Cynthia Madrigal, portfolio manager; Gregory Meisenger, senior PM; and Jeremy Neisewander, co-head of North American fixed income portfolio management and senior PM. BSJW is designed to track the Invesco BulletShares USD High Yield Corporate Bond 2032 Index. BSCY is designed to track the Invesco BulletShares USD Corporate Bond 2034 Index. "These new maturities offer the potential to take advantage of elevated yields while providing better visibility on potential return streams versus other traditional fund vehicles," Bloom states. BSCY and BSJW's other service providers include: the Bank of New York Mellon (BNYM) as administrator, custodian, dividend disbursing agent, fund accounting agent, securities lending agent, and transfer agent; Invesco Advisers, Inc. as securities lending agent; Invesco Distributors, Inc. as distributor; PricewaterhouseCoopers LLP (PwC) as independent accounting firm; and Stradley Ronon Stevens & Young, LLP as counsel. Printed from: MFWire.com/story.asp?s=67543 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
