Ropes & Gray Advises Invesco on the Launch of its First Active Non-transparent ETFs

In The News
December 22, 2020

Invesco Ltd. a leading global provider of exchange-traded funds (ETFs), announced on Dec. 22 that it 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 is led by asset management partner Paulita Pike and includes asset management partners Tom Hiller and Gregory Sheehan, strategic transactions partner Ed Black, tax partner Jim Brown, and asset management counsel Ed Baer.