Invesco has launched the first ETF in Europe that provides passive investment exposure to Saudi Arabia.

Intelliflo, the technology platform used by thousands of Financial Planners and financial advisers, has been sold by owner HgCapital to investment firm Invesco for an undisclosed sum.

Invesco is set to launch three new ETFs for investors wanting passive exposure to floating rate notes. 

Global investment manager Invesco is buying ETF firm Source, it has been confirmed this afternoon.