Invesco launches new series for two PowerShares Canada ETFs

Provides investors greater flexibility in currency exposure

TORONTO, Jan. 31, 2017 /CNW/ - Invesco has further extended the evolution of factor-based investing, allowing greater flexibility for Canadians to choose their currency exposure with two of PowerShares Canada's exchange-traded funds (ETFs).

"Choosing the right currency exposure can help protect or even enhance investment returns," said Christopher Doll, Vice President, Product and Business Strategy, PowerShares Canada. "Our new series allow investors to choose the currency exposure that best suits their investment goals."

The initial offering of two new series of PowerShares DWA Global Momentum Index ETF has now closed. These new series, available in hedged Canadian-dollar-denominated units (ticker symbol DWG.F) and unhedged U.S.-dollar-denominated units (DWG.U), will be available for trading on the NEO Exchange when the market opens today. Previously, DWA Global Momentum Index ETF (DWG) was available only in unhedged CAD-denominated units.

The initial offering of two new series of PowerShares S&P 500 Low Volatility Index ETF has now closed. These new series, available in unhedged Canadian-dollar-denominated units (ULV.C) and unhedged U.S.-dollar-denominated units (ULV.U), will be available for trading on the TSX when the market opens today. Previously, PowerShares S&P 500 Low Volatility Index ETF (ULV.F) was available only in hedged Canadian-dollar-denominated units.

"Exchange-rate volatility can have a substantial impact on investment returns. It's not always enough to choose the strategy that fits your needs – investors need to consider their currency exposure as well," said Doll. "We look forward to rolling out similar series of additional ETFs, based on investor demand."

The ".F" ticker extension has become a standard indicator in the Canadian ETF market for a currency-hedged series. Recently, PowerShares Canada changed the tickers of six currency-hedged ETFs to include the ".F" ticker extension. PowerShares Canada also removed "(CAD Hedged)" from the names of affected ETFs, allowing the potential creation of new series in the future, including unhedged CAD and USD series.

Previous name

Previous
ticker(s)

New name

Current
ticker

PowerShares Senior Loan (CAD Hedged) Index ETF

BKL

PowerShares Senior Loan Index ETF

BKL.F

PowerShares Fundamental High
Yield Corporate Bond (CAD
Hedged) Index ETF

PFH

PowerShares Fundamental High
Yield Corporate Bond Index ETF

PFH.F

PowerShares S&P 500 Low
Volatility (CAD Hedged) Index ETF

ULV

PowerShares S&P 500 Low Volatility Index ETF

ULV.F

PowerShares FTSE RAFI U.S. Fundamental (CAD Hedged) Index
ETF

PXU

PowerShares FTSE RAFI U.S. Fundamental Index ETF

PXU.F

PowerShares QQQ (CAD Hedged) Index ETF

QQC

PowerShares QQQ Index ETF

QQC.F

PowerShares FTSE RAFI U.S. Fundamental Index ETF

PXS/
PXS.U

PowerShares FTSE RAFI U.S. Fundamental Index ETF II

No
change

 

The name and ticker changes allow for the future expansion of new series on PowerShares Canada's existing lineup of ETFs. There were no changes to the underlying strategies of these ETFs and investors were not impacted by the changes.

For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook or through the Invesco Canada blog.

About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETFs). ETFs 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 Canada Ltd. at powershares.ca. There are risks involved with investing in ETFs. 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.

S&P®, S&P 500® and S&P 500 Low Volatility Index® are registered trademarks of Standard & Poor's Financial Services LLC and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd.

TSX is a trademark of TSX Inc. ("TSX") and has been licensed for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd.

The S&P 500 Low Volatility Index (CAD Hedged) is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares S&P 500 Low Volatility Index ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC or its affiliates, and none of S&P Dow Jones Indices LLC or its affiliates make any representation regarding the advisability of investing in such product.

Invesco Canada Ltd. ("Invesco") has obtained a licence from Dorsey, Wright & Associates, LLC ("Dorsey Wright") for use of certain Dorsey Wright trademarks and the Dorsey Wright Global Technical Leaders Index (the "Index"). Such trademarks and Index have been developed by Dorsey Wright without regard to and independently of Invesco, this product, and/or any prospective investor. A determination that any portion of an investor's portfolio should be devoted to any product developed by Invesco with reference to a Dorsey Wright index is a determination made solely by the investor, not Dorsey Wright or Invesco. The licensing of any index to Invesco is not an offer to purchase or sell, or a solicitation or an offer to buy any security.

FTSE® is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited ("FTSE") under licence. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates, LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. Any intellectual property rights in the Index values and constituent list vest in FTSE.

Investors should be aware of the risks associated with data sources and quantitative processes used in our investment-management process. Errors may exist in data acquired from third-party vendors, the construction of model portfolios and in coding related to the index and portfolio-construction process. While RA takes steps to identify data and process errors so as to minimize the potential impact of such errors on index and portfolio performance, we cannot guarantee that such errors will not occur.

"Fundamental Index®" and/or "Research Affiliates Fundamental Index®" and/or "RAFI®" and/or all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC.

Nasdaq®, OMX®, and Nasdaq OMX® are registered trademarks of The Nasdaq OMX Group, Inc. ("Nasdaq OMX") and LadderRite® is a registered trademark of LadderRite Portfolios LLC ("LadderRite"). Nasdaq®, OMX®, Nasdaq OMX® and LadderRite® are collectively the "Marks". The Marks are used under licence to PowerShares Capital Management LLC and Invesco Canada Ltd. The product(s) have not been passed on by Nasdaq OMX or LadderRite as to their legality or suitability. The product(s) are not issued, endorsed, sold, or promoted by Nasdaq OMX or LadderRite, and NASDAQ OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Most PowerShares ETFs seek to replicate, before fees and expenses, the performance of the applicable index, and are not actively managed. This means that the sub-advisor will not attempt to take defensive positions in declining markets and the ETF will continue to provide exposure to each of the securities in the index regardless of whether the financial condition of one or more issuers of securities in the index deteriorates. In contrast, if a PowerShares ETF is actively managed, then the sub-advisor has discretion to adjust that PowerShares ETF's holdings in accordance with the ETF's investment objectives and strategies.

PowerShares Canada and Invesco are registered business names of Invesco Canada Ltd.

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 (Invesco PowerShares), used under licence. Trimark® and all associated trademarks are trademarks of Invesco Canada Ltd.

© Invesco Canada Ltd., 2017

SOURCE Invesco Canada Ltd.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/31/c2361.html

For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, aysha.mawani@invesco.com

RELATED LINKS
www.invesco.ca

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890