Invesco Wants to Break Open Its $355 Billion Piggy Bank
The asset manager earns next to nothing running its most profitable fund, QQQ
A piggy bank is arranged for a photograph.
Photographer: Carla GottgensThis article is for subscribers only.
Welcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I'm Bloomberg News reporter and anchor Katie Greifeld.
It’s one of the biggest ironies in asset management: famed tech fund QQQ is the most profitable product in the $11.7 trillion industry, yet Invesco Ltd. earns next to nothing for running it. Now, the firm is asking shareholders to change that.