Bringing you live news and features since 2006 

Invesco gives Canadian investors access to PowerShares ETFs


Invesco has launched a suite of funds for Canadian investors which combine the key features of exchange-traded funds traded on US 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 specialised 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 Funds seek to outperform traditional market-capitalization-weighted benchmarks by using intelligent indexing strategies. The next-generation indices on which PowerShares 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, US-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:

1. PowerShares FTSE RAFI Canadian Fundamental Index Class: invests in companies incorporated in Canada with the highest fundamental weightings
2. 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
3. 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
4. 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
5. PowerShares Global Water Class: invests in issuers from around the world engaged in the water industry
6. PowerShares Global Clean Energy Class: invests primarily in issuers from around the world engaged in cleaner energy and conservation
7. PowerShares FTSE RAFI Emerging Markets Fundamental Class: invests primarily in issuers engaged in emerging markets with the highest fundamental weightings
8. PowerShares Golden Dragon China Class: invests primarily in issuers in China listed on US exchanges

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by