Suite of Fundamental Index® ETFs tops $5 billion AUM globally
TORONTO, July 24, 2013 /CNW/ - PowerShares Canada, an affiliate of
Invesco PowerShares Capital Management LLC (Invesco PowerShares), a
leading global provider of exchange-traded funds (ETFs), announced the
PowerShares suite of fundamental index ETFs recently surpassed US$5
billion in assets under management (AUM) globally.
PowerShares fundamental-weighted index ETFs trade in Canada, the U.S.
"Since launching in 2009, PowerShares Canada has been focused on
providing investors with a diverse family of 'smart beta' strategies,"
said Michael Cooke, Head of Distribution, PowerShares Canada.
"Investors looking for higher risk-adjusted returns than those of a
cap-weighted benchmark are readily adopting ETFs that employ smart beta
strategies, such as fundamental, low-volatility and high-beta
PowerShares Canada's Fundamental Index® ETFs and mutual funds are based on the Research Affiliates® Fundamental Index® strategy. This index methodology selects and weights constituents using
four fundamental measures of company size: book value, cash flow, sales
and dividends. By using four fundamental factors rather than one, this
methodology is a more robust means of capturing a company's true
"PowerShares Canada's fundamentals-weighted funds and ETFs seek to
provide investors with higher risk-adjusted returns compared to
cap-weighted benchmarks," said Cooke. "We believe these funds and ETFs
provide investors with an important alternative to passive cap-weighted
strategies and also represents great value compared to many actively
managed portfolios in the marketplace when relative performance and
fees are considered."
PowerShares Canada currently offers four equity mutual funds, two equity
ETFs and one fixed-income ETF based on the RAFI Fundamental Index® methodology.
"We are proud to partner with PowerShares Canada on their suite of funds
and ETFs," said Michael Larsen, Global Head of Affiliate Relations at
Research Affiliates, LLC. "In an era of lower expected returns, it is
important to provide investors better tools for their toolkit."
To learn more about PowerShares Canada, please visit www.powershares.ca.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary
product brands (Trimark, Invesco and PowerShares), is one of Canada's
leading investment management companies. A subsidiary of Invesco Ltd.,
Invesco Canada's singular focus is on investment management, offering a
diversified suite of solutions to institutions, organizations,
companies and individual investors across Canada and around the world.
Additional information is available at www.invesco.ca.
About Invesco Ltd.
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 mutual funds and exchange-traded funds (ETFs). Trailing
commissions may be associated with investments in mutual funds. Mutual
funds and ETFs are not guaranteed, their values change frequently and
past performance may not be repeated. There are risks involved with
investing in mutual funds and ETFs. Please read the prospectus for a
complete description of risks relevant to the mutual fund or ETF.
Copies are available from Invesco Canada Ltd. at www.powershares.ca.
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.
FTSE® is a trade mark 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
vests 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 Research Affiliates 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
PowerShares Canada is a registered business name of Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company
Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution® and all associated trademarks are trademarks of Invesco PowerShares
Capital Management LLC (Invesco PowerShares), used under licence.
© Invesco Canada Ltd., 2013
SOURCE: Invesco Canada Ltd.
For further information:
Vice President, Corporate Affairs