Offers innovative access to PowerShares ETFs and intelligent indexing strategies through a suite of mutual funds
TORONTO, Nov. 16 /CNW/ - For the first time in Canada, investors can now tap into a powerful lineup of intelligent exchange-traded funds (ETFs) through an innovative suite of new mutual funds. Launched today, PowerShares(R) Funds combine many of the key features of ETFs traded on U.S. exchanges with those of mutual funds offered in Canada.
"ETFs have quickly gained traction among investors for their diversification benefits when combined with actively managed funds, their portfolio transparency, low fees, and easy access to both broad market and specialized asset classes," says Peter Intraligi, President of Invesco Trimark, a subsidiary of Invesco. "In creating PowerShares Funds, we drew on the strength of Invesco's global resources and independent vision to package PowerShares intelligent ETFs in the benefit-rich and tax-efficient mutual fund corporate structure. It really is the best of both worlds for Canadian investors."
PowerShares(R) Funds seek to outperform traditional market-capitalization-weighted benchmarks by using intelligent indexing strategies. The next-generation indices on which PowerShares(R) Funds are based are designed for investors with investment objectives that go beyond merely tracking the market. They also offer investors access to global regions and niche markets that may be difficult or cost prohibitive to access through traditional mutual funds.
"PowerShares Funds allow investors to enjoy enhanced portfolio risk management, U.S.-dollar currency hedging, tax efficiency and competitive total costs," says John Ciampaglia, Invesco Trimark's Senior Vice-President of Product Development. "With this innovative new investment solution, financial advisors - particularly those without direct access to the ETF market - can help their clients build stronger, more effectively diversified portfolios that are tax- and cost-efficient."
The following eight funds are now available:
PowerShares FTSE RAFI Canadian Fundamental Index Class
Invests in companies incorporated in Canada with the highest fundamental
PowerShares Canadian Dividend Index Class
Invests in companies incorporated in Canada that are traded on a major
Canadian exchange and have had stable or increasing annual regular
dividend payments for the past five or more consecutive years.
PowerShares Global Agriculture Class
Invests primarily in issuers engaged in the agriculture or farming
industries, or who provide goods and/or services to companies engaged in
such industry sectors.
PowerShares Global Gold and Precious Metals Class
Invests primarily in issuers from around the world engaged in gold and
other precious metals mining industry sectors.
PowerShares Global Water Class
Invests in issuers from around the world engaged in the water industry.
PowerShares Global Clean Energy Class
Invests primarily in issuers from around the world engaged in cleaner
energy and conservation.
PowerShares FTSE RAFI Emerging Markets Fundamental Class
Invests primarily in issuers engaged in emerging markets with the highest
PowerShares Golden Dragon China Class
Invests primarily in issuers in China listed on U.S. exchanges.
For more information, please visit powersharesrevolution.ca.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual 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 your advisor or from Invesco Trimark Ltd.
Shares of the Funds and of the underlying PowerShares exchange-traded funds (ETFs) are not in any way sponsored, endorsed, sold or promoted by any of the Funds' or PowerShares ETFs' underlying Index providers or their affiliates, and these companies make no representation or warranty, express or implied, as to the results to be obtained from the use of the Index. None of these companies are affiliated with Invesco Trimark, Invesco PowerShares Capital Management LLC or Invesco Aim Distributors, Inc., nor any of their affiliates. Products are not sponsored, endorsed, sold or promoted by any of the Index providers, and the Index providers make no representation regarding the advisability of investing in these Funds.
PowerShares ETFs are listed for trading on stock exchanges in the United States and other jurisdictions outside of Canada. No prospectus has been filed to qualify securities of such issuers for public offering or distribution in Canada. Any reference to PowerShares ETFs is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy securities of such issuers.
PowerShares(R) is a registered trademark of Invesco PowerShares Capital Management LLC. Invesco PowerShares Capital Management LLC., Invesco Aim Distributors, Inc. and Invesco Institutional (N.A.), Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
FTSE is a trademark jointly owned by the London Stock Exchange PLC and The Financial Times Limited and is used by FTSE International Limited under licence. The FTSE RAFI(R) Index Series is calculated by FTSE International Limited ("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. All intellectual property rights in the index values and constituent list vest in FTSE. Fundamental Index(R) and RAFI(R) trade names and patent concept are the exclusive property of Research Affiliates(R), LLC. Invesco Trimark Ltd. has obtained full licence from FSTE to use such intellectual property rights in the creation of this product.
INDXIS and INDXIS SELECT CANADIAN ACHIEVERS(TM) are trademarks of Indxis, Inc. and have been licensed for use by Invesco Trimark. The product is not sponsored, endorsed, sold or promoted by Indxis, and Indxis makes no representation regarding the advisability of investing in PowerShares Canadian Dividend Index Class.
Shares are not CDIC insured, may lose value and have no bank guarantee.
Invesco Trimark Ltd. is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Trimark, offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. With approximately US$414.2 billion* in assets under administration, Invesco Ltd. is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
* As at October 31, 2009
SOURCE INVESCO TRIMARK LTD.
For further information: For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: (416) 324-7712, firstname.lastname@example.org