At a glance
- Each fund is actively managed rather than tied to an index.
- Because the model is the same across the four, the choice among the funds is largely the equity universe and the fee.
- Fees range from 0.15% for IQEL to 0.33% for IQEE, with IQEI at 0.23% and IQES at 0.26%.
Invesco launched four active multi-factor equity ETFs on Nov. 11 with fees of 0.15% to 0.33%, covering U.S. large caps, U.S. small caps, developed international and emerging markets, ETF Trends reported. The funds are IQEL, IQES, IQEI and IQEE.
Each fund is actively managed rather than tied to an index. The same quantitative model scores potential holdings on value, momentum and quality. The highest scorers receive the largest positions, and equal risk contribution weighting keeps any single factor from dominating the portfolio.
Because the model is the same across the four, the choice among the funds is largely the equity universe and the fee. The small-cap fund charges 11 basis points more than the large-cap version.
Fees range from 0.15% for IQEL to 0.33% for IQEE, with IQEI at 0.23% and IQES at 0.26%.
Invesco's U.S. ETF lineup spans nearly 250 funds and more than $900 billion in assets, according to ETF Trends. Invesco's equal-weight S&P 500 ETF returned about 5% in October, as Private Wealth Daily previously reported.
Reported by the Launches desk from ETF Trends and Private Wealth Daily archive. Published . Corrections