Invesco eyes Guggenheim ETF business

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Invesco is reportedly in talks to buy Guggenheim’s retail fund business as it continues acquisitions in the ETF space.

Guggenheim’s ETF business has $30bn assets under management, the Financial Times reports, citing people familiar with the negotiations.

Invesco is the fourth largest ETF manager globally with $125bn under management already trading under the PowerShares name.

Its deal to buy London-based Source due to complete later this year, boosting its assets by a further $25bn to give the asset manager a foothold in Europe.

Invesco and Guggenheim declined to comment on the rumoured deal.