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Invesco (IVZ) to Give Japan Investors Better Access to Its ETFs
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Invesco Capital Management LLC, a registered investment adviser (“RIA”) for Invesco Ltd. (IVZ - Free Report) , announced that it partnered with Invesco Asset Management Japan Limited to expand the reach of IVZ’s exchange traded fund (“ETF”) & indexed strategies business in Japan.
IVZ is taking the initiative to offer its Japan investor base better access to five of its leading U.S.-listed ETFs.
Notably, Invesco Capital Management, with cooperation from Invesco Japan, has completed the required notification process with local Japan regulators in order to make five U.S.-listed ETFs available to Japan investors.
For this, Invesco has bolstered its client-facing service in Japan.
Anna Paglia, the managing director and global head of ETFs and indexed strategies for Invesco, said, “We are thrilled to have the opportunity to expand Invesco's global ETF business into Japan. Taking these regulatory steps affirms our commitment to providing Japanese investors easier access to Invesco ETFs.”
Apart from a strong presence in the United States, Invesco maintains a solid foothold in Europe, Canada and the Asia Pacific. The company’s latest move to expand its ETF business in Japan will likely help it garner market share in the region.
This, along with IVZ’s other efforts to improve market share globally, will continue to support its global presence.
Over the past six months, shares of Invesco have lost 9.5% against the industry’s growth of 5.9%.
Per a Securities and Exchange Commission (“SEC”) filing, Invesco has applied for a spot bitcoin ETF. This is IVZ’s second application for the same.
In October 2021, IVZ withdrew its original application for a bitcoin ETF (made earlier in 2021) because of regulatory headwinds within the industry. Back then, the SEC was resistant in approving such funds due to concerns over potential fraud and market manipulation.
However, IVZ’s re-filing for the spot bitcoin ETF shows that the firm is trying to enter the battered cryptocurrency markets again, signaling a shift in the regulatory landscape.
Invesco’s move joins others like BlackRock (BLK - Free Report) and WisdomTree (WT - Free Report) , who have also filed to offer a spot bitcoin ETF with the SEC.
BLK’s fund, if approved, will be called iShares Bitcoin Trust and will use Coinbase Custody as its custodian.
WisdomTree’s fund will be listed on the Cboe BZX Exchange under the ticker BTCW.
In October 2022, WT’s application for the launch of the WisdomTree Bitcoin Trust was not approved by the SEC on account of insufficient investor protection.
Notably, the cryptocurrency industry has been battling criticism by the SEC over alleged securities law violations.
The SEC has already rejected several proposals by other asset managers on the belief that the tokens trade on unregulated exchanges with surveillance and manipulation risks. Also, it sued the world’s largest crypto exchange, Binance, alleging securities violations.
Thus, now, the SEC has proposed new custody rules that will place additional responsibilities on asset managers to make sure that customer assets are kept in properly segregated accounts.
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Invesco (IVZ) to Give Japan Investors Better Access to Its ETFs
Invesco Capital Management LLC, a registered investment adviser (“RIA”) for Invesco Ltd. (IVZ - Free Report) , announced that it partnered with Invesco Asset Management Japan Limited to expand the reach of IVZ’s exchange traded fund (“ETF”) & indexed strategies business in Japan.
IVZ is taking the initiative to offer its Japan investor base better access to five of its leading U.S.-listed ETFs.
Notably, Invesco Capital Management, with cooperation from Invesco Japan, has completed the required notification process with local Japan regulators in order to make five U.S.-listed ETFs available to Japan investors.
For this, Invesco has bolstered its client-facing service in Japan.
Anna Paglia, the managing director and global head of ETFs and indexed strategies for Invesco, said, “We are thrilled to have the opportunity to expand Invesco's global ETF business into Japan. Taking these regulatory steps affirms our commitment to providing Japanese investors easier access to Invesco ETFs.”
Apart from a strong presence in the United States, Invesco maintains a solid foothold in Europe, Canada and the Asia Pacific. The company’s latest move to expand its ETF business in Japan will likely help it garner market share in the region.
This, along with IVZ’s other efforts to improve market share globally, will continue to support its global presence.
Over the past six months, shares of Invesco have lost 9.5% against the industry’s growth of 5.9%.
Image Source: Zacks Investment Research
Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More About Invesco’s ETFs
Per a Securities and Exchange Commission (“SEC”) filing, Invesco has applied for a spot bitcoin ETF. This is IVZ’s second application for the same.
In October 2021, IVZ withdrew its original application for a bitcoin ETF (made earlier in 2021) because of regulatory headwinds within the industry. Back then, the SEC was resistant in approving such funds due to concerns over potential fraud and market manipulation.
However, IVZ’s re-filing for the spot bitcoin ETF shows that the firm is trying to enter the battered cryptocurrency markets again, signaling a shift in the regulatory landscape.
Invesco’s move joins others like BlackRock (BLK - Free Report) and WisdomTree (WT - Free Report) , who have also filed to offer a spot bitcoin ETF with the SEC.
BLK’s fund, if approved, will be called iShares Bitcoin Trust and will use Coinbase Custody as its custodian.
WisdomTree’s fund will be listed on the Cboe BZX Exchange under the ticker BTCW.
In October 2022, WT’s application for the launch of the WisdomTree Bitcoin Trust was not approved by the SEC on account of insufficient investor protection.
Notably, the cryptocurrency industry has been battling criticism by the SEC over alleged securities law violations.
The SEC has already rejected several proposals by other asset managers on the belief that the tokens trade on unregulated exchanges with surveillance and manipulation risks. Also, it sued the world’s largest crypto exchange, Binance, alleging securities violations.
Thus, now, the SEC has proposed new custody rules that will place additional responsibilities on asset managers to make sure that customer assets are kept in properly segregated accounts.