TORONTO, Sept. 17, 2012 /CNW/ - PowerShares Canada announced today that
it has reached a significant milestone, recently topping $3 billion in
Canadian assets under management in its PowerShares ETFs and
TSX-listed ETF assets have grown in excess of 25% since December 2011 to
over $1 billion, making the company the fastest-growing new
exchange-traded fund (ETF) provider in Canada.
"Our tremendous growth over the last year is a testament to our
commitment and dedication to changing the Canadian ETF landscape," said
Michael Cooke, Head of Distribution for PowerShares Canada.
Since June 2011, PowerShares Canada has launched 14 TSX-listed ETFs,
complementing its lineup of 21 distinct PowerShares mutual funds.
In a market dominated by cap-weighted index ETFs, PowerShares Canada is
leading the intelligent ETF revolution. Calling the last 12 months "a
year of firsts," Cooke highlighted the following ETF innovations for
Canada's first suite of low-volatility index ETFs, PowerShares S&P/TSX
Composite Low Volatility Index ETF [TSX:TLV] and PowerShares S&P 500
Low Volatility (CAD Hedged) Index ETF [TSX:ULV];
Canada's first high-beta index ETFs, PowerShares S&P/TSX Composite High
Beta Index ETF [TSX:THB] and PowerShares S&P 500 High Beta (CAD Hedged)
Index ETF [TSX:UHB];
Canada's first fundamental high-yield ETF, PowerShares Fundamental High
Yield Corporate Bond (CAD Hedged) Index ETF [TSX:PFH]; and
Canada's first senior loan ETF, PowerShares Senior Loan (CAD Hedged)
Index ETF [TSX:BKL].
On September 18, Cooke will join Invesco Canada President Peter
Intraligi to ring the opening bell for the TSX, celebrating the recent
launch of PowerShares Tactical Bond ETF [TSX:PTB], PowerShares Canada's
first actively managed ETF.
Part of the Invesco Ltd. family, PowerShares Canada is now the nation's
fourth-largest ETF provider. For more information on PowerShares
Canada's innovative lineup of ETFs and mutual funds, please visit www.powershares.ca.
About Invesco Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary
product brands (Trimark, Invesco and PowerShares), is one of Canada's
largest 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 (ETF's). 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 an applicable Index and are not actively managed. This
means that the Sub-advisor will not attempt to take defensive positions
in declining markets but rather continue to provide exposure to 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.
Units/shares of the PowerShares® Funds and of the underlying PowerShares 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 is affiliated with Invesco Canada Ltd., Invesco
PowerShares Capital Management LLC or Invesco Advisers, 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.
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 simplified prospectus before investing.
Copies are available from your advisor or from Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd. ETFs are not diversified
PowerShares Canada is a registered business name of 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, used under
© Invesco Canada Ltd., 2012
SOURCE: Invesco Canada Ltd.
For further information:
Vice President, Corporate Affairs