Invesco Emerging Markets Debt Defensive ETF (IEMD) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Invesco Emerging Markets Debt Defensive Index. The index targets emerging markets debt securities with the highest "quality scores" within the eligible universe, emphasizing relatively higher-quality characteristics such as investment-grade sovereign bonds of intermediate maturities from emerging market issuers; it employs a market-value-weighted approach while screening for superior credit quality, low default risk, and favorable macroeconomic factors. IEMD provides investors with targeted exposure to a defensive subset of emerging markets fixed income, focusing on USD-denominated or equivalent debt from sovereign and quasi-sovereign entities across regions including Latin America, Asia, Europe, Middle East, and Africa.
Sponsored and managed by Invesco Ltd., a global investment management firm founded in 1935 and headquartered in Atlanta, Georgia, the ETF operates within Invesco's extensive lineup of fixed income and ETF products offered to retail, institutional, and advisor clients worldwide. Invesco Ltd. conducts operations across more than 20 countries, serving diverse segments including absolute return strategies, global macro approaches, and long/short equity; its PowerShares brand encompasses numerous ETFs like IEMD.
In April 2025, Invesco Ltd. announced a significant strategic transaction with MassMutual, repurchasing $1 billion of its outstanding preferred stock while establishing a new product and distribution partnership with Barings to enhance client solutions, improve leverage profile, and support ongoing growth initiatives including share repurchases and dividend increases. This deal, described as earnings accretive, underscores Invesco's focus on balance sheet strengthening and expanded distribution capabilities amid a dynamic asset management landscape. No specific product launches, closures, or index methodology changes for IEMD were reported in the last 1-2 years, maintaining its core defensive emerging markets debt strategy.