Invesco has announced the scheduled closure of 19 ETFs.
The last day of trading for the ETPs will be 20 February 2019.
The funds, which collectively have listings across NYSE Arca, Nasdaq, and Cboe BZX Exchange, will have their last trading day on Wednesday 20 February 2019.
The ETFs consist primarily of equity strategies offering niche exposures, including industry-specific (such as global agriculture or Canadian energy) as well as factor-based and smart beta strategies.
The line-up also includes a fixed income fund targeting Chinese ‘dim sum’ bonds (yuan-denominated Chinese bonds issued in Hong Kong, a US REIT ETF, and an actively managed multi-asset fund.
These unconventional strategies have failed to garner significant interest from investors – the funds collectively house a little over $300 million in assets under management with six of the ETFs containing less than $10m in AUM apiece. The largest fund in the range is the $65m Invesco Chinese Yuan Dim Sum Bond ETF (DSUM US).
The list of ETFs, along with their assets under management, is outlined below:
Invesco Canadian Energy Income ETF (ENY US); $12.8m
Invesco China All-Cap ETF (YAO US); $17.3m
Invesco Chinese Yuan Dim Sum Bond ETF (DSUM US); $65.3m
Invesco DWA Momentum & Low Volatility Rotation ETF (DWLV US); $21.4m
Invesco Emerging Markets Infrastructure ETF (PXR US); $14.8m
Invesco FTSE RAFI Asia Pacific ex-Japan ETF (PAF US); $20.0m
Invesco Global Agriculture ETF (PAGG US); $20.3m
Invesco Global Gold & Precious Metals ETF (PSAU US); $27.5m
Invesco Zacks International Multi-Asset Income ETF (HGI US); $9.0m
Invesco Multi-Factor Large Cap ETF (GMFL US); $1.2m
Invesco Multi-Strategy Alternative ETF (LALT US); $6.5m
Invesco Russell 2000 Equal Weight ETF (EQWS US); $19.8m
Invesco S&P 100 Equal Weight ETF (OEW US); $3.1m
Invesco S&P 500 Value With Momentum ETF (SPVM US); $2.6m
Invesco US Large Cap Optimized Volatility ETF (OVLC US); $1.4m
Invesco WilderHill Progressive Energy ETF (PUW US); $14m
Invesco Wilshire Micro Cap ETF (WMCR US); $21.5m
Invesco Wilshire US REIT ETF (WREI US); $11.1m
Invesco Zacks Micro Cap ETF (PZI US); $16.5m
Following the ETFs’ last trading day, Invesco will begin liquidating the funds’ assets with proceeds expected to be sent to investors by 27 February 2019.