ETF insights
Access our latest insights on investment opportunities and ways to use ETFs in your clients’ portfolios.
INVESCO ETFS
ETF strategies
Explore how our ETFs can be cost-effective tools for building strong, tax-efficient portfolios that help you invest in new possibilities for your clients.
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Explore our ETF capabilities
Our ETFs can help you build customized portfolios with precision and confidence. Explore our array of ETF offerings below.
Fixed income ETFs
An expansive suite of index-based and actively managed ETFs that can help clients reach their investing goals.
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BulletShares
BulletShares ETFs provide targeted exposure to investment grade and high yield corporate bonds as well as municipal bonds.
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Smart beta
Explore the potential benefits of smart beta investing with targeted factor exposure to help drive returns in a transparent and cost-effective way.
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Innovation suite
Invesco and Nasdaq are pioneers in innovative solutions, partnering together to help people access the world’s most groundbreaking companies in pursuit of their financial goals.
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Commodities
Investing in commodities comes with several benefits during periods of inflation and supply & demand imbalances.
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Sustainable investing
Learn more about our sustainable product lineup and discover investments that best meet the needs of your portfolio.
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BTCO
Invesco Galaxy Bitcoin ETF
Designed to help investors get secure, convenient exposure to bitcoin, while capturing the potential benefits of an ETF structure.
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ETFs by investing goals
No matter what your clients are looking to achieve, our ETFs can help you build customized portfolios with precision and confidence.
Featured ETFs
| Fund | Ticker | Asset class | Learn more |
|---|---|---|---|
| Invesco S&P 500 Equal Weight ETF | RSP | US Equity | Fact sheet |
| Invesco Nasdaq 100 ETF | QQQM | US Equity | Fact sheet |
| Invesco Total Return Bond ETF | GTO | US Fixed Income | Fact sheet |
| Invesco Russell 1000® Dynamic Multifactor ETF | OMFL | US Equity | Fact sheet |
| Invesco S&P 500® Quality ETF | SPHQ | US Equity | Fact sheet |
Frequently asked questions
Exchange-traded funds (ETFs) are baskets of securities that trade on exchanges, such as individual stocks. Investors and financial professionals typically like ETFs for their relatively low costs, tax efficiency, portfolio transparency, and trading flexibility.
Passively managed ETFs are designed to track indexes like the S&P 500 Index, while active ETFs give portfolio managers flexibility to pick individual securities based on their investment approach and usually seek to outperform a benchmark. ETFs have varying levels of portfolio transparency, ranging from fully transparent, semi-transparent, and non-transparent. The different levels of transparency depend on how much and frequently the ETFs disclose their portfolio holdings.
When selecting individual ETFs, investors typically base their decisions on several factors, including expense ratio, investment strategy, liquidity, ETF provider, performance, tracking error¹, and tax efficiency. This type of information can usually be found on an ETF provider’s website.
ETFs listed on exchanges can be bought and sold through almost any brokerage firm. Some brokers offer commission-free ETF trades, and investors can typically buy as little as one share of an ETF.
Both ETFs and mutual funds are pooled investment vehicles that give investors access to entire asset classes and sectors with professional management. However, unlike mutual funds, ETFs generally provide:
- Higher tax efficiency
- More portfolio transparency
- The ability to trade during the day
- The use of limit and stop-loss orders²
Explore ETF investing
Footnotes
- 1
Tracking error is defined as the expected standard deviation of a portfolio’s excess return over the benchmark index return.
- 2
Investors should be aware of the material diff erences between mutual fundsand ETFs. ETFs generally have lower expenses than actively managed mutualfunds due to their diff erent management styles. Most ETFs are passivelymanaged and are structured to track an index, whereas many mutual fundsare actively managed and thus have higher management fees. Unlike ETFs,actively managed mutual funds have the ability react to market changes andthe potential to outperform a stated benchmark. Since ordinary brokeragecommissions apply for each ETF buy and sell transaction, frequent tradingactivity may increase the cost of ETFs. ETFs can be traded throughout the day, whereas, mutual funds are traded only once a day. While extrememarket conditions could result in illiquidity for ETFs. Typically they are stillmore liquid than most traditional mutual funds because they trade onexchanges. Investors should talk with their financial professional regardingtheir situation before investing.
- 3
A limit order is an order to buy a stock at or below a specified price, or to sell a stock at or above a specified price. A stop order is an order to buy or sell at the market when a definite price is reached, either above (on a buy) or below (on a sell) the price that prevailed when the order was given. Source: Nasdaq.
- 4
Source: Invesco as of December 31, 2022.
- 5
The first smart beta ETF was Invesco S&P 500 Equal Weight ETF (RSP)(Inception date 4/24/2003).
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Important information
NA3157930
Since ordinary brokerage commissions apply for each ETF buy and sell transaction, frequent trading activity may increase the cost of ETFs.
Invesco does not offer tax advice. Please consult your tax adviser for information regarding your own personal tax situation.
Most ETFs disclose their portfolio holdings daily.
Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index-based methodology that seeks to outperform a benchmark or reduce portfolio risk, both in active or passive vehicles. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.
BTCO Risks
See the prospectus for more information.
The Fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment in the Fund.
The Fund is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
Shares in the Fund are not FDIC insured, may lose value and have no bank guarantee.
This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing.
The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
Bitcoin has historically exhibited high price volatility relative to more traditional asset classes, which may be due to speculation regarding potential future appreciation in value. The value of the Trust’s investments in bitcoin could decline rapidly, including to zero.
The further development and acceptance of the Bitcoin network, which is part of a new and rapidly changing industry, is subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development or acceptance of the network may adversely affect the price of bitcoin and therefore an investment in the Shares.
Currently, there is relatively limited use of bitcoin in the retail and commercial marketplace in comparison to relatively extensive use as a store of value, contributing to price volatility that could adversely affect an investment in the Shares.
Regulatory changes or actions may alter the nature of an investment in bitcoin or restrict the use of bitcoin or the operations of the Bitcoin network or venues on which bitcoin trades. For example, it may become difficult or illegal to acquire, hold, sell or use bitcoin in one or more countries, which could adversely impact the price of bitcoin.
The Trust’s returns will not match the performance of bitcoin because the Trust incurs the Sponsor Fee and may incur other expenses.
The Market Price of shares may reflect a discount or premium to NAV.
The price of bitcoin may be impacted by the behaviour of a small number of influential individuals or companies.
Bitcoin faces scaling obstacles that can lead to high fees or slow transaction settlement times, and attempts to increase the volume of transactions may not be effective.
Miners could act in collusion to raise transaction fees, which may affect the usage of the Bitcoin network.
Competition from central bank digital currencies (“CDBCs”) and other digital assets could adversely affect the value of bitcoin and other digital assets.
Prices of bitcoin may be affected due to stablecoins, the activities of stablecoin users and their regulatory treatment.
The open-source structure of the Bitcoin network protocol means that certain core developers and other contributors may not be directly compensated for their contributions in maintaining and developing the Bitcoin network protocol. A failure to properly monitor and upgrade the Bitcoin network protocol could damage the network.
Lack of clarity in the corporate governance of bitcoin may lead to ineffective decision-making that slow development or prevents the Bitcoin network from overcoming important obstacles.
If the award of new bitcoin for solving blocks and transaction fees for recording transactions are not sufficiently high to incentivize miners, miners may reduce or cease processing power to solve blocks which could lead to confirmations on the Bitcoin blockchain being temporarily slowed. Significant delays in transaction confirmations could result in a loss of confidence in the Bitcoin network, which could adversely affect an investment in the Shares.
A temporary or permanent “fork” in the blockchain network could adversely affect an investment in the Shares.
Flaws in the source code of Bitcoin, or flaws in the underlying cryptography, could leave the Bitcoin network vulnerable to a multitude of attack vectors.
A disruption of the internet may affect the use of bitcoin and subsequently the value of the Shares.
Risks of over or under regulation in the digital asset ecosystem could stifle innovation, which could adversely impact the value of the Shares.
Shareholders do not have the protections associated with ownership of Shares in an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) or the protections afforded by the Commodity Exchange Act (the “CEA”).
Future regulations may require the Trust and the Sponsor to become registered, which may cause the Trust to liquidate.
The tax treatment of bitcoin and other digital assets is uncertain and may be adverse, which could adversely affect the value of an investment in the Shares.
Intellectual property rights claims may adversely affect the operation of the Bitcoin network.
The venues through which bitcoin trades are relatively new and may be more exposed to operations problems or failure than trading venues for other assets.
Ownership of bitcoin is pseudonymous, and the supply of accessible bitcoin is unknown. Entities with substantial holdings in bitcoin may engage in large-scale sales or distributions, either on nonmarket terms or in the ordinary course, which could result in a reduction in in the price of bitcoin.
The Trust is subject to the risks due to its concentration in a single asset.
Bitcoin spot trading venues are not subject to the same regulatory oversight as traditional equity exchanges.
Bitcoin transactions are irrevocable and stolen or incorrectly transferred bitcoin may be irretrievable. As a result, any incorrectly executed bitcoin transactions could adversely affect an investment in the Trust.
