ETF Trends
ETF Trends

Invesco’s acquisition of PowerShares has helped the money manager capitalize on the quickly expanding exchange traded fund industry as investors seek out alternative investment strategies.

Invesco (NYSE: IVZ) shares are up more than 30% the past year.

After a rough patch, CEO Marty Flanagan took the helm at Invesco and acquired the PowerShares ETF line in 2006, reports Kathryn Spice for Morningstar.

The ETF sponsor is well-known for its Nasdaq-100 ETF, the PowerShares QQQ (NasdaqGM: QQQ), which has $35.8 billion in assets and remains the firm’s largest ETF by a wide margin. [QQQ to Welcome Back Old Friend Green Mountain]

The firm, though, has launched a series of fundamental index-based ETFs that track cash flow, book value, sales and dividends to determine a stock’s weight, instead of following traditional market-capitalization weighted indices. [A Market-Beating Fundamental ETF]

Recently, the PowerShares Fundamental ETF suite broke over the $5 billion assets under management mark. [PowerShares Fundamental ETFs Hit $5 Billion]

Showing Page 1 of 2