Industry commentators have said Invesco's proposed takeover of ETF specialist Source is further proof the M&A trend is gathering pace across the asset management industry, although this may not necessarily lead to fewer players in the passives space in the future.
At the end of last month, Invesco announced it was adding to its PowerShares business, which has $110bn assets under management (AUM) as at 31 December 2016, with the planned acquisition of Source. ...
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