Invesco is expanding its active ETF range with the launch of two funds that will provide differentiated exposure to investment-grade corporate bond markets. The Invesco EUR IG Corporate Bond Active UCITS ETF and Invesco EUR IG Corporate Bond Short Duration Active UCITS ETF will be managed by Invesco Fixed Income’s UK-based team (“IFI Europe”) of highly experienced fundamental portfolio managers, supported by deep, global research resources. The two ETFs follow similar strategies with the latter targeting a shorter range of maturities.
“ Invesco has a strong active franchise globally, spanning from quantitative factor-based strategies to fundamental bottom-up approaches”, said Gary Buxton, Head of EMEA Product at Invesco , “and we have been managing active ETFs for more than a decade. The active ETF market in Europe has been growing rapidly in recent years, and we see this trend accelerating as investors seek further opportunities to add alpha to their portfolios. We expect this growth to be driven by both existing ETF investors and those familiar with active strategies who want the additional benefits of the ETF structure.”
Actively managed UCITS ETFs have more than doubled in size since the end of 2024, with over $110 billion in assets under management in over 390 products at the end of April 2026. Analysis from Invesco highlights particularly strong growth trends in active ETFs year to date with an 8.4% increase due to net new assets, compared to a 4.6% growth rate in passive ETFs over the same time.
For each of the new Invesco ETFs, the IFI Europe portfolio managers will select securities based on a combination of macroeconomic factors, fundamental credit research, single-security analysis and risk management considerations. Tom Hemmant, Portfolio Manager at Invesco , explained: “The integration of macroeconomic and bottom-up credit research feeds into our asset allocation decisions. We would expect to take active allocations mainly in terms of security selection, sector allocation, credit quality and yield curve positioning, while managing duration in a range relative to the respective benchmarks. We are following a very similar strategy to one we have been managing for over 20 years but with somewhat tighter constraints to accommodate the liquidity demands of ETFs.”
As fundamental active strategies, the ETFs do not track an index and are not constrained by a benchmark. Investors looking for a relevant comparator for performance purposes may use the Bloomberg Euro Corporate Index for the broad fund, and the Bloomberg Euro Corporate Bond 1-5 Year Index for the short duration fund. Both ETFs are classified as Article 8 funds under SFDR.
Matthew Tagliani, Head of EMEA ETF Product at Invesco , said: “As the European active ETF market has grown, so too has investor appetite for strategies that are more differentiated from ETFs’ traditional passive origins. Quantitative equity strategies – such as our own Enhanced range of core beta ETFs – were the first to gain traction and still represent the largest pools of assets. Then came ETFs linked to more complex asset classes, like CLOs, where a specialist manager can add value through security selection. We see the growing demand for ETFs linked to traditional fundamental active strategies as the next step in this evolution and an exciting area of future growth.”
With these latest launches, Invesco now offers 49 fixed income UCITS ETFs, with an expanding range targeting Euro-based asset classes. The current offering includes beta exposures to Euro government bonds and investment grade (IG) corporate bond markets, as well as exposures to more niche segments such as EUR AT1 CoCos and AAA-rated CLOs. The firm also offers smart beta strategies, such as those using factors to deliver higher yields or improved total returns versus the benchmark. And with these latest launches, investors can choose an actively managed approach to EUR IG corporate bonds.
*Benchmark is for performance comparison only. The ETF does not follow an index and is not constrained by a benchmark. **Tickers shown are for the Distributing shares. Accumulating shares are also available.
