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Invesco slashes pricing on sector ETFs

The ongoing charge figure (OCF) for 10 funds which all track S&P indices will be reduced to 0.14% from 0.3% previously.

The $573.4m technology ETF is the largest fund affected, followed by the $465m S&P US Financials Sector ETF and the $265.3m S&P Energy Sector Ucits ETF.

In total the changes apply to $1.8bn (£1.4bn) worth of assets.

The products are part of the $18bn stable of Source-managed ETFs Invesco acquired in April 2017.

Just over half of discretionary fund managers (DFMs) are currently using sector ETFs, according to SPDR research published in May.

ETF  OCF AUM
Invesco S&P US Consumer Discretionary Sector Ucits ETF 0.14% $135.1m
Invesco S&P US Consumer Staples Sector Ucits ETF 0.14% $36.5m
Invesco S&P US Energy Sector Ucits ETF 0.14% $265.3m
Invesco S&P US Financials Sector Ucits ETF 0.14% $465.0m
Invesco S&P US Health Care Sector Ucits ETF 0.14% $186.7m
Invesco S&P US Industrials Sector Ucits ETF 0.14% $109.6m
Invesco S&P US Materials Sector Ucits ETF 0.14% $6.6m
Invesco S&P US Real Estate Sector Ucits ETF 0.14% $16.3m
Invesco S&P US Technology Sector Ucits ETF 0.14% $573.4m
Invesco S&P US Utilities Sector Ucits ETF 0.14% $12m

Jessica Tasman-Jones

Jessica Tasman-Jones is news editor at Portfolio Adviser and covers fund selection, asset allocation and portfolio construction for intermediaries, as well as industry news and regulation. Previously she...

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