Invesco bets on $18B in BlackRock assets being up for grabs
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Two new Invesco ETFs track tech indexes abandoned by iShares ETFs; Invesco is also waiving fees on the new funds for six months to entice investors.
Invesco, the fourth-largest ETF provider, is aiming to take a bite out of ETF industry leader BlackRock’s market share by launching two funds that track indexes that BlackRock’s iShares brand is abandoning.
Depending on how things play out, the strategy could see billions of investor dollars
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