A two-basis-point reduction might not be front-page news, unless you understand that it could translate into more than $70 million a year in savings for investors.
Invesco, the manager of the Nasdaq-100 index-tracking ETF Invesco QQQ Trust (NASDAQ:QQQ), has suggested a structural retooling that involves trimming its expense ratio from 0.20% to 0.18%. The incremental change is one element of a more extensive plan to transition the nearly $ billion ETF from a Unit Investment Trust (UIT) to a newer open-end ETF structure.
