FYI: Just about anyone can launch an exchange-traded fund these days.
But launching funds and scaling up a business to effectively compete with the giants of the ETF world is something else entirely.
With organic growth and strategic acquisitions, Invesco catapulted itself into a comfortable fourth position in the U.S. ETF industry, with more than $167 billion in total U.S.-listed ETF assets under management. It’s still a distance away from the top three—Vanguard, BlackRock and State Street Global Advisors—but also sizably ahead of fifth-place ETF provider Charles Schwab. Globally, the entire firm has roughly $926 billion in assets under management, $233 billion of which is invested in its ETFs.
Dan Draper, managing director and global head of ETFs for Invesco, says when he joined the firm in September 2013, there was strong organic growth, but if Invesco wanted to compete as a top ETF provider, it needed to scale up via mergers and acquisitions.
Regards,
Ted
https://www.etf.com/publications/etfr/invesco-focusing-scale?nopaging=1
