8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

___________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 9, 2018

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Invesco Ltd.

(Exact name of registrant as specified in its charter)

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Bermuda	001-13908		98-0557567
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
1555 Peachtree Street, N.E., Atlanta, Georgia		30309
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (404) 892-0896

n/a

(Former name or former address, if changed since last report.)

___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emergencing growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

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  Item 7.01   Regulation FD Disclosure.

On April 9, 2018, Invesco Ltd. ("Invesco") issued a press release announcing that Invesco has completed its acquisition of Guggenheim Investments' exchange traded funds (ETF) business.  A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.Description

99.1 Press Release, dated April 9, 2018, issued by Invesco

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Invesco Ltd.

   By:  /s/ Robert H. Rigsby

Robert H. Rigsby

Assistant Secretary

Date: April 9, 2018

EX-99

	Press Release
	Invesco expands its ability to meet client needs by completing its acquisition of Guggenheim Investments' ETF business BulletShares® defined-maturity ETFs' management fee reduced to 10 bps to provide better value and address a growing market segment

Media contacts
Invesco Jeaneen Terrio 212.278.9205 Jeaneen.terrio@invesco.com	Guggenheim Partners Gerard Carney 310.871.9208 gerard.carney@guggenheimpartners.com

Atlanta, April 9, 2018 – Invesco Ltd. (NYSE: IVZ) announced today that it has completed its previously announced acquisition of Guggenheim Investments' exchange-traded funds (ETF) business, which consists of $38.8 billion of assets under management (as of Feb. 28, 2018).

Strengthening our ETF capabilities for growth

The acquisition strengthens Invesco's market-leading ETF capabilities¹ as well as the firm's efforts to meet the needs of institutional and retail clients in the US and across the globe, which will contribute further to the growth and long-term success of the business.  With this acquisition, Invesco's ETF assets under management total more than $215.3 billion globally (as of Feb. 28, 2018).

"Since our announcement of the proposed transaction in September 2017, we've continued to deliver strong investment performance for our clients and strengthened our business momentum while working toward a successful close of this transaction," said Martin L. Flanagan, president and CEO of Invesco.  "The addition of Guggenheim's products to Invesco's strong and diversified range of active, passive and alternative capabilities and expertise will further enhance our ability to meet the investment needs of our clients and deliver the value they seek."

"We're excited to add Guggenheim Investments' complementary ETF business, including well-known products such as BulletShares^® and S&P500^® Equal Weight ETF (NYSE: RSP), to our existing robust range of factor, smart beta, fixed income and equal weight ETFs," said Dan Draper, global head of ETFs at Invesco.  "This acquisition strengthens our ability to build better and more diversified portfolios through our solutions platform, enhances the range of capabilities available via Jemstep (our advisor-focused digital solution), and helps us better meet the needs of our clients.  Our focus continues to be on taking care of clients while leveraging our extensive client-facing distribution force to accelerate the growth of the business."

The aggregate purchase price paid by Invesco upon completion of the transaction was $1.2 billion.

BulletShares^® management fee reduction

Invesco also announced that the management fee for the BulletShares^® ETFs that provide defined-maturity exposure through corporate bond investment-grade portfolios has been reduced to 0.10% (from 0.24%), effective today.

"The BulletShares^® ETF suite combines the benefits and precision of individual bonds with the advantages of an ETF to save advisors time while providing better client portfolios and outcomes," added Dan Draper.  "Our research and client feedback shows that the market for a convenient, precise and liquid way to ladder bond portfolios for clients is growing rapidly.  With more than a decade of ETF experience and compelling BulletShares® pricing, we believe Invesco is providing even better value to existing and future shareholders, and we're well-positioned to accelerate the growth of this exciting market segment."

Transitioning the funds

"We're confident that Invesco is the right partner and platform to deliver continued value for our former ETF shareholders," said Jerry W. Miller, president of Guggenheim Investments.  "With the closing of this transaction, Guggenheim Investments takes an important step forward in our growth strategy to focus on active portfolio management for both institutional and individual clients."

Effective as of the close of business on April 6, 2018, substantially all of the Guggenheim ETFs have been reorganized into corresponding newly created exchange traded funds of Invesco's PowerShares family of ETFs in a tax-free transaction. A small number of Guggenheim ETFs are still awaiting shareholder approval to reorganize into PowerShares ETFs, and will be reorganized when that approval is received. The chart below lists the Guggenheim ETFs which have reorganized into Invesco's PowerShares ETFs.

The following ETFs were reorganized:

PowerShares Exchange-Traded Fund Trust
Ticker	Target Fund	CUSIP	Acquiring Fund	CUSIP
DJD	Guggenheim Dow Jones Industrial Average Dividend ETF	18383M175	PowerShares Dow Jones Industrial Average Dividend Portfolio	739371409
NFO	Guggenheim Insider Sentiment ETF	18383M209	PowerShares Insider Sentiment Portfolio	739371508
CZA	Guggenheim Mid-Cap Core ETF	18383M720	PowerShares Zacks Mid-Cap Core Portfolio	739371607
CVY	Guggenheim Multi-Asset Income ETF	18383M506	PowerShares Zacks Multi-Asset Income Portfolio	739371706
CSD	Guggenheim S&P Spin-Off ETF	18383M605	PowerShares S&P Spin-Off Portfolio	739371888
WMCR	Wilshire Micro-Cap ETF	18383M308	PowerShares Wilshire Micro-Cap Portfolio	739371870
OEW	Guggenheim S&P 100® Equal Weight ETF	78355W478	PowerShares S&P 100® Equal Weight Portfolio	739371854
RCD	Guggenheim S&P 500® Equal Weight Consumer Discretionary ETF	78355W882	PowerShares S&P 500® Equal Weight Consumer Discretionary Portfolio	739371847
RHS	Guggenheim S&P 500® Equal Weight Consumer Staples ETF	78355W874	PowerShares S&P 500® Equal Weight Consumer Staples Portfolio	739371839
RYE	Guggenheim S&P 500® Equal Weight Energy ETF	78355W866	PowerShares S&P 500® Equal Weight Energy Portfolio	739371821
RSP	Guggenheim S&P 500® Equal Weight ETF	78355W106	PowerShares S&P 500® Equal Weight Portfolio	739371813
RYF	Guggenheim S&P 500® Equal Weight Financials ETF	78355W858	PowerShares S&P 500® Equal Weight Financials Portfolio	739371797
RYH	Guggenheim S&P 500® Equal Weight Health Care ETF	78355W841	PowerShares S&P 500® Equal Weight Health Care Portfolio	739371789
RGI	Guggenheim S&P 500® Equal Weight Industrials ETF	78355W833	PowerShares S&P 500® Equal Weight Industrials Portfolio	739371771
RTM	Guggenheim S&P 500® Equal Weight Materials ETF	78355W825	PowerShares S&P 500® Equal Weight Materials Portfolio	739371763
EWRE	Guggenheim S&P 500® Equal Weight Real Estate ETF	78355W486	PowerShares S&P 500® Equal Weight Real Estate Portfolio	739371755
RYT	Guggenheim S&P 500® Equal Weight Technology ETF	78355W817	PowerShares S&P 500® Equal Weight Technology Portfolio	739371748
RYU	Guggenheim S&P 500® Equal Weight Utilities ETF	78355W791	PowerShares S&P 500® Equal Weight Utilities Portfolio	739371730
RPG	Guggenheim S&P 500® Pure Growth ETF	78355W403	PowerShares S&P 500® Pure Growth Portfolio	739371722
RPV	Guggenheim S&P 500® Pure Value ETF	78355W304	PowerShares S&P 500® Pure Value Portfolio	739371714
XLG	Guggenheim S&P 500® Top 50 ETF	78355W205	PowerShares S&P 500® Top 50 Portfolio	739371698
EWMC	Guggenheim S&P MidCap 400® Equal Weight ETF	78355W577	PowerShares S&P MidCap 400® Equal Weight Portfolio	739371680
RFG	Guggenheim S&P MidCap 400® Pure Growth ETF	78355W601	PowerShares S&P MidCap 400® Pure Growth Portfolio	739371672
RFV	Guggenheim S&P MidCap 400® Pure Value ETF	78355W502	PowerShares S&P MidCap 400® Pure Value Portfolio	739371664
EWSC	Guggenheim S&P SmallCap 600® Equal Weight ETF	78355W585	PowerShares S&P SmallCap 600® Equal Weight Portfolio	739371656
RZG	Guggenheim S&P SmallCap 600® Pure Growth ETF	78355W809	PowerShares S&P SmallCap 600® Pure Growth Portfolio	739371649
RZV	Guggenheim S&P SmallCap 600® Pure Value ETF	78355W700	PowerShares S&P SmallCap 600® Pure Value Portfolio	739371631

PowerShares Exchange-Traded Fund Trust II
Ticker	Target Fund	CUSIP	Acquiring Fund	CUSIP
LVL	Guggenheim S&P Global Dividend Opportunities Index ETF	18383M860	PowerShares S&P Global Dividend Opportunities Index Portfolio	73936Q660
TAO	Guggenheim China Real Estate ETF	18383Q861	PowerShares China Real Estate Portfolio	73936Q637
FRN	Guggenheim Frontier Markets ETF	18383Q838	PowerShares Frontier Markets Portfolio	73936Q611
HGI	Guggenheim International Multi-Asset Income ETF	18383Q804	PowerShares Zacks International Multi-Asset Income Portfolio	73936Q595
CUT	Guggenheim MSCI Global Timber ETF	18383Q879	PowerShares MSCI Global Timber Portfolio	73936Q587
SEA	Guggenheim Shipping ETF	18383Q796	PowerShares Shipping Portfolio	73936Q579
YAO	Guggenheim China All-Cap ETF	18385P101	PowerShares China All-Cap Portfolio	73936Q561
CGW	Guggenheim S&P Global Water Index ETF	18383Q507	PowerShares S&P Global Water Index Portfolio	73936Q546
EWEM	Guggenheim MSCI Emerging Markets Equal Country Weight ETF	78355W536	PowerShares MSCI Emerging Markets Equal Country Weight Portfolio	73936Q512

PowerShares Actively Managed
Ticker	Target Fund	CUSIP	Acquiring Fund	CUSIP
GSY	Guggenheim Ultra Short Duration ETF	18383M654	PowerShares Ultra Short Duration Portfolio	73935B797
GTO	Guggenheim Total Return Bond ETF	18385P705	PowerShares Total Return Bond Portfolio	73935B789

PowerShares Exchange-Traded Self-Indexed Fund Trust
Ticker	Target Fund	CUSIP	Acquiring Fund	CUSIP
BSCI	Guggenheim BulletShares 2018 Corporate Bond ETF	18383M530	PowerShares BulletShares 2018 Corporate Bond Portfolio	73939W102
BSJI	Guggenheim BulletShares 2018 High Yield Corporate Bond ETF	18383M381	PowerShares BulletShares 2018 High Yield Corporate Bond Portfolio	73939W201
BSCJ	Guggenheim BulletShares 2019 Corporate Bond ETF	18383M522	PowerShares BulletShares 2019 Corporate Bond Portfolio	73939W300
BSJJ	Guggenheim BulletShares 2019 High Yield Corporate Bond ETF	18383M373	PowerShares BulletShares 2019 High Yield Corporate Bond Portfolio	73939W409
BSCK	Guggenheim BulletShares 2020 Corporate Bond ETF	18383M514	PowerShares BulletShares 2020 Corporate Bond Portfolio	73939W508
BSJK	Guggenheim BulletShares 2020 High Yield Corporate Bond ETF	18383M365	PowerShares BulletShares 2020 High Yield Corporate Bond Portfolio	73939W607
BSCL	Guggenheim BulletShares 2021 Corporate Bond ETF	18383M266	PowerShares BulletShares 2021 Corporate Bond Portfolio	73939W706
BSJL	Guggenheim BulletShares 2021 High Yield Corporate Bond ETF	18383M225	PowerShares BulletShares 2021 High Yield Corporate Bond Portfolio	73939W805
BSCM	Guggenheim BulletShares 2022 Corporate Bond ETF	18383M258	PowerShares BulletShares 2022 Corporate Bond Portfolio	73939W888
BSJM	Guggenheim BulletShares 2022 High Yield Corporate Bond ETF	18383M217	PowerShares BulletShares 2022 High Yield Corporate Bond Portfolio	73939W870
BSCN	Guggenheim BulletShares 2023 Corporate Bond ETF	18383M241	PowerShares BulletShares 2023 Corporate Bond Portfolio	73939W862
BSJN	Guggenheim BulletShares 2023 High Yield Corporate Bond ETF	18383M183	PowerShares BulletShares 2023 High Yield Corporate Bond Portfolio	73939W854
BSCO	Guggenheim BulletShares 2024 Corporate Bond ETF	18383M233	PowerShares BulletShares 2024 Corporate Bond Portfolio	73939W847
BSJO	Guggenheim BulletShares 2024 High Yield Corporate Bond ETF	18383M134	PowerShares BulletShares 2024 High Yield Corporate Bond Portfolio	73939W839
BSCP	Guggenheim BulletShares 2025 Corporate Bond ETF	18383M191	PowerShares BulletShares 2025 Corporate Bond Portfolio	73939W821
BSCQ	Guggenheim BulletShares 2026 Corporate Bond ETF	18383M126	PowerShares BulletShares 2026 Corporate Bond Portfolio	73939W797
BSCR	Guggenheim BulletShares 2027 Corporate Bond ETF	18386R205	PowerShares BulletShares 2027 Corporate Bond Portfolio	73939W789
DEF	Guggenheim Defensive Equity ETF	18383M878	PowerShares Defensive Equity Portfolio	73939W771
OVLC	Guggenheim U.S. Large Cap Optimized Volatility ETF	18385P804	PowerShares U.S. Large Cap Optimized Volatility Portfolio	73939W763
GMFL	Guggenheim Multi-Factor Large Cap ETF	78355W460	PowerShares Multi-Factor Large Cap Portfolio	73939W755

CurrencyShares transition

The CurrencyShares ETF product line, also part of the Guggenheim transaction, were transitioned to Invesco effective at the close of business on April 6, 2018. These products offer investors and institutions a convenient and cost-effective method of gaining potential investment benefits similar to holding foreign currencies.

¹ With $176.5 billion in assets under management globally, PowerShares ranked as the fourth-largest ETF provider globally, as of Feb. 28, 2018.  Source:  PowerShares research.  With $55 billion in smart beta assets under management, PowerShares' smart beta lineup ranked second in the US, as of Jan. 31, 2018.  Source: PowerShares research and Bloomberg.

About Invesco Ltd.

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.  NYSE: IVZ; www.invesco.com.

Disclosures

This release may include "forward-looking statements."  Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q, filed with the Securities and Exchange Commission.  You may obtain these reports from the SEC's website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.

Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs.

Diversification does not guarantee a profit or eliminate the risk of loss.

ETFs disclose their full portfolio holdings daily.

The information in this release does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC, investment adviser. Invesco PowerShares Capital Management LLC (PowerShares) and Invesco Distributors, Inc., ETF distributor, are indirect, wholly owned subsidiaries of Invesco Ltd. Invesco is not affiliated with Guggenheim Funds Distributors, LLC.

Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 10,000, 50,000, 75,000, 80,000, 100,000, 150,000 or 200,000 Shares.

Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the Fund call 800 983 0903 or visit powershares.com for the prospectus/summary prospectus.

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