TORONTO, Aug. 24, 2012 /CNW/ - The fixed-income portion of a portfolio should provide capital preservation, risk management and income generation. In an environment of low yields and economic uncertainty, fixed-income investing has become very complicated. To simplify the process for investors and advisors alike, PowerShares Canada today announced the listing of PowerShares Tactical Bond ETF [TSX:PTB], a diversified fixed-income ETF that seeks to provide both income and capital growth.
This ETF has now closed the initial offering of its units and will be available for trading on TSX when the market opens today.
"This newest ETF provides diversified fixed-income exposure for investors and financial advisors through changing financial markets," said Michael Cooke, Head of Distribution for PowerShares Canada. "Compared to a traditional portfolio of Canadian government and investment-grade corporate bonds, PTB provides the opportunity for higher yields, while managing risk."
Strategically diversified across fixed-income asset classes, PTB invests primarily in a mix of Canadian government, investment-grade corporate and real return bonds, and U.S. high-yield corporate bonds. The ETF employs tactical shifts to take advantage of market opportunities while seeking to protect capital during market downturns.
PTB's holdings will be managed by Invesco's Global Asset Allocation team, which has more than 100 years of combined investment management experience and is led by portfolio manager Scott Wolle, named a 2012 Rising Star of Mutual Funds by "Institutional Investor Intelligence." The GAA team uses an overall diversification strategy that employs asset classes that have historically performed well in different economic cycles: recessionary, non-inflationary growth and inflationary growth.
For more information on PowerShares Canada's growing roster of TSX-listed ETFs, please visit www.powershares.ca.
Commissions, management fees and expenses may all be associated with investments in exchange-traded funds. Exchange-traded 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 Invesco Canada Ltd. at www.powershares.ca.
This piece was produced by Invesco Canada Ltd. PowerShares Canada is a registered business name of Invesco Canada Ltd.
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. ETFs are not diversified investments.
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.
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.
Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares), used under licence.
SOURCE: Invesco Canada Ltd.
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Vice President, Corporate Affairs