Invesco launches two new active fixed income ETFs

Invesco Ltd. (NYSE: IVZ) announced the launch of two actively managed exchange-traded funds: the Invesco Core Fixed Income ETF (GTOC) and the Invesco Intermediate Municipal ETF (INTM). The Atlanta-based asset management firm said the new products expand its active fixed income platform, which manages over $491 billion globally across ETFs, mutual funds, and separately managed accounts.

GTOC serves as a core portfolio building block that invests in high-quality U.S. investment grade fixed income instruments. INTM aims to provide federally tax-exempt income by investing at least 80% of assets in investment grade municipal bonds rated BBB or higher, focusing on high credit quality and intermediate duration.

Both ETFs are managed by Invesco's U.S. Investment Grade and Municipal Bond teams, part of a 182-member fixed income department with an average of 18 years of industry experience, according to the company statement.

"At Invesco, we take pride in our long-standing track record of high-quality active fixed income management," said Stephanie Larosiliere, Head of Fixed Income Business Strategy at Invesco. "These new ETFs demonstrate our commitment to delivering thoughtful, investor-focused strategies that reflect the strength of our in-house expertise."

GTOC builds on existing strategies and joins the GTO-suite of ETFs, which includes the Invesco Core Plus Bond ETF (GTO) and Invesco Short Duration Total Return Bond ETF (GTOS). Invesco has been active in the ETF space since pioneering active ETFs in 2008.

The company manages $2 trillion in assets globally as of June 30, 2024, according to the press release statement.

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