Invesco launches three more PowerShares ETFs on TSX

New offerings complement income-generating ETFs introduced on June 15

TORONTO, June 16, 2011 /CNW/ - Further to yesterday's press release announcing the launch of two new income-generating PowerShares exchange-traded funds (ETFs) on Toronto Stock Exchange (TSX), Invesco is pleased to introduce one equity and two equity-income PowerShares ETFs on TSX.

All five of the following PowerShares ETFs have now closed the initial offering of their units and will be available for trading on TSX when the market opens today.

Equity-income:

  • PowerShares Canadian Preferred Share Index ETF (PPS), with a management fee of 0.45%, seeks to replicate, before fees and expenses, the performance of the Indxis Select Canadian Preferred Share Index, which is comprised of select preferred shares of Canadian companies that trade on TSX. PPS's income distribution frequency is monthly.
  • PowerShares Canadian Dividend Index ETF (PDC), with a management fee of 0.50%, seeks to replicate, before fees and expenses, the performance of the Indxis Select Canadian Dividend Index, which comprises companies incorporated in Canada, traded on a major Canadian exchange and having stable or increasing annual regular dividend payments for the past five or more consecutive years. PDC's income distribution frequency is monthly.

Equity:

  • PowerShares QQQ (CAD Hedged) Index ETF (QQC), with a management fee of 0.32%, seeks to replicate, before fees and expenses, the performance of the NASDAQ-100 Currency Hedged CAD Index, which is designed to represent returns for the NASDAQ - 100 Index® (NDX) (the "Underlying Index"), with all or substantially all of the direct U.S. dollar exposure of the Underlying Index hedged back to the Canadian dollar. The NASDAQ-100 Index includes 100 of the largest domestic (United States) and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. QQC's income distribution frequency is quarterly.

Fixed income:

  • PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB), with a management fee of 0.25%, seeks to replicate, before fees and expenses, the performance of the DEX Investment Grade 1-5 Year Laddered Corporate Bond Index, which is comprised only of Canadian investment-grade corporate bonds rated "BBB" or higher in the composite PC-Bond rating, and divided into five buckets with staggered maturity levels from one to five years. PSB's income distribution frequency is monthly.
  • PowerShares Ultra DLUX Long Term Government Bond Index ETF (PGL), with a management fee of 0.25%, seeks to replicate, before fees and expenses, the performance of the DEX Ultra DLUX Long Government Bond Index, a market-capitalization-weighted index consisting primarily of Canadian federal and provincial government and supranational entity bonds denominated in Canadian dollars with a remaining effective term to maturity of greater than 10 years and rated "A" or higher in the composite PC-Bond rating. PGL's income distribution frequency is monthly.

To learn more about PowerShares ETFs, please visit www.powershares.ca.

Invesco PowerShares Capital Management LLC

With sponsored assets over US$61 billion as at March 31, 2011, Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 120 domestic and international ETFs. PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities.

Invesco PowerShares is part of Invesco Ltd., a leading independent global investment manager dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high-net-worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

About the index providers

Indxis, a wholly owned subsidiary of Mergent Inc., offers a comprehensive suite of index services, including index creation, calculation and maintenance; real time data dissemination; administration; licensing; back testing; and custom software development. Indxis-licensed investment products have more than US$11 billon in assets under management (as at April 30, 2011), and are offered by major investment management firms worldwide. www.indxis.com

As a business unit of TSX Inc., PC-Bond provides access to analytics, data and indices covering every asset class of the Canadian fixed-income marketplace. PC-Bond has been the standard for the Canadian fixed-income industry for over 20 years and continues to broaden its coverage and offerings to clients through new development, upgrades and pricing methodologies. To measure performance in the Canadian domestic bond market, PC-Bond* offers over 600 indices and subindices. www.canadianbondindices.com

The NASDAQ OMX Group, Inc. is the world's largest exchange company, and its technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries (as at April 10, 2011). Leveraging its premier brand and global market position, NASDAQ OMX specializes in providing full-scale, premium index services to financial products issuers, sponsors and investors. NASDAQ OMX has nearly 2,000 diverse indexes that provide coverage across asset classes, countries and sectors. www.NASDAQOMX.com

Commissions, management fees and expenses may all be associated with investments in exchange-traded funds. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Trimark at www.powershares.ca.

There are risks involved with investing in ETFs, including the risk of error in replicating the underlying Index. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units. ETFs are not diversified investments.

Each PowerShares ETF seeks to replicate, before fees and expenses, the performance of the applicable Index and is not actively managed.  This means that the Sub-advisor will not attempt to take defensive positions in declining markets but rather continue to hold each of the securities in the Index regardless of whether the financial condition of one or more issuers of securities in the Index deteriorates.

This piece was produced by Invesco Trimark Ltd.

PowerShares Canadian Dividend Index ETF and PowerShares Canadian Preferred Share Index ETF are not in any way sponsored, endorsed, sold or promoted by Mergent, Inc. (Indxis) and Indxis does not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indxis Select Canadian Dividend Index or the Indxis Select Canadian Preferred Share Index (the "Indexes") and/or the figure at which the said Indexes stand at any particular time on any particular day or otherwise. The Indexes are compiled and calculated by Indxis. Indxis shall not be liable (whether in negligence or otherwise) to any person for any error in the Indexes and Indxis shall not be under any obligation to advise any person of any error therein. The Indexes are the exclusive property of Indxis, Inc.

DEX Investment Grade 1-5 Year Laddered Corporate Bond Index and DEX Ultra DLUX Long Government Bond Index are trademarks of PC-BOND. These marks have been sublicensed for use for certain purposes to Invesco Trimark Ltd. by PC-Bond, a business unit of TSX Inc. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF and PowerShares Ultra DLUX Long Term Government Bond Index ETF (the "Products") are not sponsored, endorsed, sold or promoted by PC-BOND and/or TSX Inc., and third party data suppliers (collectively, "PC-Bond Group"). PC-Bond Group make no representation, warranty, or condition regarding the advisability of investing in the Products.

NASDAQ®, NASDAQ-lOO®, Nasdaq-lOO Index®, NASDAQ-100 Index Tracking Stock® and QQQ® are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are used under license to PowerShares Capital Management LLC., which has sub-licensed certain rights to Invesco Trimark Ltd. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC, used under licence. Trimark and all associated trademarks are trademarks of Invesco Trimark Ltd.

© Invesco Trimark Ltd., 2011

SOURCE Invesco Trimark Ltd.

For further information:

Stephen Lee
AVP, Communications
Tel: 416.324.7668
stephen.lee@invescotrimark.com

Aysha Mawani
Vice President, Corporate Affairs
Tel: 647.338.2947
aysha.mawani@invescotrimark.com

Profil de l'entreprise

Invesco Trimark Ltd.

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