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 |
|
Friday, February 21, 2025 A $1.85T-AUM AM Forges an MLP Fund The folks at a $1.85-trillion-AUM (as of December 31), publicly traded asset manager are rolling out a new active fund that invests in energy infrastructure stocks and midstream master limited partnerships (MLPs).
PIPE's inception date was yesterday, and it comes with an expense ratio of 75 basis points. As of today, the new fund now has $10 million in AUM. Watson and Bob Coble, another PM, are PMing PIPE. Hartigan descibes the new ETF as "a great example of Invesco leveraging [its] deep, in-house expertise to extend the benefits of [Invesco's] high demand offerings across investment vehicles." According to Watson, Invesco's SteelPath team has been "a pioneer in midstream infrastructure investing since 2004 and is a leader in the category." "PIPE will provide investors access to the SteelPath investment capabilities through an actively managed ETF," Watson states. "Sector fundamentals are healthy and currently offer attractive distribution yield and capital appreciation potential supported by continued midstream volume growth driven by demand tailwinds from data centers and liquified natural gas exports." PIPE is an actively managed, non-diversified series of the Invesco Actively Managed Exchange-Traded Fund Trust. The new fund's other service providers are: the Bank of New York Mellon as administrator, custodian, dividend disbursing agent, fund accounting agent, securities lending agent, and transfer agent; Invesco Distributors, Inc. as distributor; PricewaterhouseCoopers LL as independent accounting firm; and Stradley Ronon Stevens and Young & LLP as counsel. Printed from: MFWire.com/story.asp?s=69558 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
