Invesco Takes On Janus Henderson and Fair Oaks in CLO ETF Race

Invesco Ltd. has entered the arena of exchange-traded funds in Europe that track collateralized loan obligations, with a target to hit $1 billion on each of the two new funds within a year.

The funds, launching on Thursday, are aimed at offering institutional investors an easy way to invest in both European and US CLOs, an asset class that now totals over $1 trillion globally. So far they have each raised in excess of $65 million.