Invesco portfolio manager Sash Sarangi has left the firm.
According to a filing with the Securities and Exchange Commission (SEC), Sarangi has come off the $197.4m Invesco Intermediate Bond Factor fund, the $36.4m Invesco High Yield Bond Factor fund, and the $44.8m Invesco World Bond Factor fund.
A spokeswoman for Invesco confirmed Sarangi had left the firm but declined to comment further.
The largest of the three funds, the Intermediate Bond Factor fund, is ranked 103 out of 178 Intermediate Core Bond funds tracked in Citywire’s database for three-year total returns to the end of March. During that time, it was up 14.1% compared to the category average, which was up 11.6%.
VanEck files for ethereum ETF
VanEck has submitted a filing with the SEC to launch an ethereum ETF.
The VanEck Ethereum Trust ‘will hold ether and will value its shares daily based on the reported MVIS® CryptoCompare Ethereum Benchmark Rate,’ said the firm in the filing. The rate is a US dollar-denominated reference rate for the price of ether, a cryptocurrency.
A spokesman for VanEck declined to comment on the filing, citing the regulatory quiet period.
In April, VanEck launched the VanEck Vectors Digital Transformation ETF (DAPP), which doesn’t invest in cryptocurrencies directly, but rather companies that are involved in the digital assets space. The firm also filed for a bitcoin ETF at the end of 2020, with the SEC recently postponing the date by which it will make a decision on the fund.