TORONTO, Dec. 18, 2012 /CNW/ - PowerShares Canada announced today that
the S&P 500® Low Volatility Index has received the prestigious William F. Sharpe
Indexing Product of the Year award at the Global Indexing & ETFs
conference held in Phoenix, Arizona.
Created by S&P Dow Jones Indices, the S&P 500® Low Volatility Index was recognized as having the most significant
impact on the indexing industry over the previous 12 months. The index
tracks the 100 stocks from the S&P 500® Index with the lowest realized volatility over the past 252 trading
days, and is rebalanced on a quarterly basis.
TSX-listed PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF
(ULV) is designed to track the S&P 500® Low Volatility Index (CAD Hedged), which provides investors with
exposure to a currency hedged version of the same strategy.
"Recognizing the best and the brightest innovators in the field of
indexing, this year's Sharpe Award is further validation that
low-volatility indexing is a viable, long-term strategy that offers
investors a layer of protection against declining market environments
while still maintaining broad equity exposure," said Michael Cooke,
Head of Distribution for PowerShares Canada, part of Invesco Canada
"While investors have generally equated low volatility with low returns,
many are realizing that low-volatility strategies can have a better
risk-return profile relative to those that provide exposure to
traditional market-cap-weighted indices," Cooke added.
Leading the Intelligent ETF Revolution®, PowerShares Canada was early to recognize the advantages of
low-volatility investing. Based on the highly regarded S&P Dow Jones
Indices, the PowerShares Canada family of low-volatility ETFs provides
investors with investment opportunities across key market segments:
PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF (TSX:ULV)
PowerShares S&P/TSX Composite Low Volatility Index ETF (TSX:TLV).
About the Sharpe Awards
The William F. Sharpe Index Achievement Awards are chosen following a
rigorous selection process starting with a vetting committee of
industry practitioners. The vetting committee reviews hundreds of
nominations from industry participants across the globe and narrows the
field down to three finalists in each category. The finalists are voted
on by world's leading academics in the indexing research world, who sit
on the editorial board of the Journal of Index Investing.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary
product brands (Trimark, Invesco and PowerShares), is one of Canada's
largest independent investment management companies. A subsidiary of
Invesco Ltd., Invesco Canada offers a diversified suite of investment
solutions to institutions, organizations, companies and individual
investors across Canada and around the world. Invesco Ltd. is a leading
independent global investment management firm 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 firm is
listed on the New York Stock Exchange under the symbol IVZ. Additional
information is available at www.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 www.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
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
ETFs are not diversified investments.
PowerShares Canada is a registered business name of Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd.
Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC
("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"); and these trademarks have been licensed for use by S&P Dow
Jones Indices LLC. S&P Dow Jones Indices are trademarks of S&P and
have been licensed for use by S&P Dow Jones Indices LLC and its
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The Indices are products of S&P Dow Jones Indices LLC and has been
licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s
product(s) is not sponsored, endorsed, sold or promoted by S&P Dow
Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and
neither S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective
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investing in such product(s).
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PowerShares®, Leading the Intelligent ETF Revolution®, and all associated trademarks are trademarks of Invesco PowerShares
Capital Management, LLC (Invesco PowerShares), used under licence.
SOURCE: Invesco Canada Ltd.
For further information:
Vice President, Corporate Affairs