MutualFundWire.com: Hartigan Launches 3 More Active ETFs

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, May 9, 2025

Hartigan Launches 3 More Active ETFs

The folks at a $1.8-trillion-AUM (as of March 31, 2025), publicly traded, multinational asset manager in Georgia are rolling out a trio of new active ETFs.

On Wednesday (May 7), Brian Hartigan, global head of ETFs and index investments at Atlanta-based Invesco Ltd. [profile], unveiled the launch of the Invesco Comstock Contrarian Equity ETF (CSTK on the Cboe BZX), the Invesco Managed Futures Strategy ETF (IMF on the Cboe), and the Invesco QQQ Hedged Advantage ETF (QQHG on the Nasdaq). Invesco Capital Management LLC serves as investment advisor to QQHG, IMF, and CSTK, while Invesco Advisers, INc. serves as securities lending agent and subadvisor.

CSTK and QQHG's inception date was Wednesday, while IMF's inception date was March 19. IMF comes with an expense ratio of 65 basis points (baking in a 10bps fee waiver promised through August 31, 2026), QQHG comes with an expense ratio of 45bps, and CSTK comes with an expense ratio of 35bps. As of yesterday (May 8), CSTK had $7.5 million in AUM, QQHG had $10 million, and IMF had $307.1 million.

IMF's PM team includes three Invesco Advisers portfolio managers: John Burello, Chris Devine, and Scott Hixon.

QQHG's PM team includes that same Invesco Advisers trio, plus Invesco Capital Management equities chief and portfolio management director Peter Hubbard.

CSTK's PM team includes two Invesco Advisers PMs: Devin Armstrong and Kevin Holt.

Hartigan puts the launch of CSTK, QQHG, and IMF in the context of "Invesco's commitment to evolving its ETF line-up to meet investor demand."

"These new strategies represent the natural evolution of our robust ETF suite and a continuation of our focus around rules-based ETF development," Hartigan states.

IMF, QQHG, and CSTK are all actively managed, non-diversified series of the Invesco Actively Managed Exchange-Traded Fund Trust. The new ETFs' other service providers include:

Invesco Distributors, Inc. as distributor;

BNY Mellon as administrator, custodian, dividend disbursing agent, fund accounting agent, securities lending agent, and transfer agent;

PricewaterhouseCoopers LLP as independent accounting firm; and

Stradley Ronon Stevens & Young, LLP as counsel.