Invesco Grows Distribution Network, Adds PowerShares ETFs to Pershing's New No-Transaction-Fee ETF Platform FundVest® ETF - Insurance News | InsuranceNewsNet

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June 19, 2017 Newswires
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Invesco Grows Distribution Network, Adds PowerShares ETFs to Pershing’s New No-Transaction-Fee ETF Platform FundVest® ETF

PR Newswire

DOWNERS GROVE, Ill., June 19, 2017 /PRNewswire/ -- Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), recently became one of the first issuers to offer its PowerShares ETFs on FundVest® ETF, a new no-transaction-fee (NTF) ETF platform by BNY Mellon's Pershing. The NTF platform requires no purchase minimums or holding period, and will be available to all Pershing clients.

Offering PowerShares ETFs on FundVest® ETF helps bring more investment solutions to clients who may be looking for cost-efficient platforms for investing in smart beta and factor-based strategies.

"At the end of the day, we're focused on client outcomes and the solutions needed to achieve them," said Dan Draper, Global Head of PowerShares by Invesco. "We believe bringing PowerShares ETFs to this new platform will expand the availability of our ETF solutions while also giving advisors the thought leadership and research tools necessary for selecting tailored funds for their clients."

So far this year, the rate of ETF inflows has accelerated from 2016 with more than $200 billion in inflows through the end of May, bringing total assets to $2.86 trillion.[1],[2] Platform's like FundVest® ETF are helping make more ETFs available than ever before, but as the popularity for ETFs continues to grow, advisors should undertake careful due diligence to understand the nuances and features of each strategy they may recommend or invest in for clients.

About Invesco
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

About PowerShares by Invesco
PowerShares by Invesco is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international PowerShares exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. PowerShares has US franchise assets exceeding $120 billion as of March 31, 2017. For more information, please visit us at powershares.com or follow us on Twitter @PowerShares.

About BNY Mellon's Pershing
BNY Mellon's Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and '40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world's most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index.

Diversification does not guarantee a profit or eliminate the risk of loss.

Factor investing is an investment strategy in which securities are chosen based on certain characteristics and attributes.

Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 10,000, 50,000, 75,000, 100,000 or 200,000 Shares.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC, investment adviser. Invesco PowerShares Capital Management LLC (PowerShares) and Invesco Distributors, Inc., ETF distributor, are indirect, wholly owned subsidiaries of Invesco Ltd.

[1] ETF.com. June 1, 2017. http://www.etf.com/sections/monthly-etf-flows/etf-monthly-fund-flows-may-2017?nopaging=1

[2] SeekingAlpha.com June 1, 2017. https://seekingalpha.com/article/4078041-etf-stats-april-2017-closing-3-trillion

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/invesco-grows-distribution-network-adds-powershares-etfs-to-pershings-new-no-transaction-fee-etf-platform-fundvest-etf-300475654.html

SOURCE Invesco

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