Invesco’s First Active Non-transparent ETFs Launch


Ropes & Gray advised Invesco on the deal.

Invesco Ltd., a leading global provider of exchange-traded funds (ETFs), has launched its first suite of active non-transparent ETFs. Ropes & Gray advised Invesco on the launch.

The four new non-transparent active ETFs began trading on Dec. 22 on the Cboe BZX Exchange. The four ETFs will leverage the unique perspective and specialized expertise of Invesco’s investment professionals in a structure that retains many of the characteristics that investors find attractive in an ETF structure, including an effective arbitrage mechanism, tax efficiency and intraday tradability.

The Ropes & Gray team was led by asset management partner Paulita Pike (Picture) and included asset management partners Tom Hiller and Gregory Sheehan, strategic transactions partner Ed Black, tax partner Jim Brown, and asset management counsel Ed Baer and Nathan Somogie.

Involved fees earner: Edward Baer – Ropes & Gray; Edward Black – Ropes & Gray; James Brown – Ropes & Gray; Thomas Hiller – Ropes & Gray; Paulita Pike – Ropes & Gray; Gregory Sheehan – Ropes & Gray; Nathan Somogie – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Invesco Ltd.;

Author: Ambrogio Visconti