Investment management firm Invesco continues its trend of bringing cut price products to market with the launch of two low-cost ETFs with exposure to UK government bonds (Gilts), offering investors the choice of short-term or broad exposure.

One fund concentrates on Gilts with maturities of 1-5 years and the other offers exposure across the full maturity spectrum of up to 55 years. Both funds will be available in GBP with ongoing charges of just 6 basis points percent per annum.

Each of the new Invesco UK Gilt ETFs will invest directly in the constituents of the relevant Bloomberg Barclays UK Gilt Index, targeting a full replication. These indices comprise GBP-denominated, fixed-rate, nominal debt issued by HM Treasury.

The products aim to provide investors with a simple and efficient way to gain exposure to important fixed income, equity and commodity benchmarks and complement the firm’s more innovative solutions, providing investors with greater choice and flexibility with which to construct their portfolios.

These funds follow the launch of Invesco’s US Treasury Bond ETF range, which raised more than $1 billion of assets in just over a month, the firm stated and, alongside the UK Gilt ETFs are the latest additions to Invesco’s range of core building blocks.