Invesco Postpones QQQ Fund Vote in $400 Billion Restructuring
Invesco has reportedly postponed a crucial shareholder vote on the future of its $400 billion QQQ fund. The decision would transform the tech-heavy fund from an outdated unit investment trust structure into a modern exchange-traded fund. Sources indicate the vote has been adjourned until December 5th.
Major ETF Vote Delayed
Investment giant Invesco has reportedly postponed what could be one of the most significant structural changes in recent ETF history. According to regulatory filings and industry sources, the asset manager has delayed a shareholder vote that would determine whether to convert its nearly $400 billion Invesco QQQ Trust Series 1 into a more conventional exchange-traded fund structure.