Bringing you live news and features since 2006 

PowerShares launches first Canadian ETFs


Invesco is listing two PowerShares exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX), the company’s first-ever ETF launch on a Canadian exchange.

Part of the Invesco family and recognised for its strong record of innovation, Invesco PowerShares is the world’s fourth-largest ETF provider with USD61 billion in sponsored assets (as at March 31, 2011). This launch represents another significant expansion into the ETF market for Invesco, which has a proven history of creating products designed to meet the diverse needs of investors worldwide.

"The arrival of PowerShares ETFs on TSX establishes an exciting new footprint in the Canadian marketplace, expanding the range of next-generation ETF solutions available to investors in Canada," says Ben Fulton (pictured), Invesco PowerShares managing director of global ETFs. "The PowerShares brand began with innovation, and we remain a highly innovative firm looking to grow and expand to markets around the globe."

With PowerShares ETFs now listed on TSX, "Canadian investors have even greater access to the best that the world of Invesco has to offer," says Peter Intraligi, President and Chief Operating Officer of Invesco’s operations in Canada.

The two new ETFs are: PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB), with a management fee of 0.25%, seeks to replicate, before fees and expenses, the performance of the DEX Investment Grade 1-5 Year Laddered Corporate Bond Index, which is comprised only of Canadian investment-grade corporate bonds rated "BBB" or higher in the composite PC-Bond rating, and divided into five buckets with staggered maturity levels from one to five years. PSB’s income distribution frequency is monthly.

PowerShares Ultra DLUX Long Term Government Bond Index ETF (PGL), with a management fee of 0.25%, seeks to replicate, before fees and expenses, the performance of the DEX Ultra DLUX Long Government Bond Index, a market-capitalization-weighted index consisting primarily of Canadian federal and provincial government and supranational entity bonds denominated in Canadian dollars with a remaining effective term to maturity of greater than 10 years and rated "A" or higher in the composite PC-Bond rating. PGL’s income distribution frequency is monthly.

"PowerShares ETFs represent a low-cost complement to actively managed mutual funds that can help investors build better portfolios," says Michael Cooke, Vice President, PowerShares Canada.

Latest News

BlackRock s iShares an undisputed leader among European ETF issuers pushed further ahead in Q1 with EUR173 billion in trades..
European ETFs raised USD47 8 billion in Q1 a 15 per cent increase compared to the same period in 2023..
LSEG Lipper s March report finds that globally equity ETFs +EUR113 2 billion enjoyed the highest estimated net inflows for..
Morningstar has published a review of the European ETF market for the first quarter 2024 which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs share of the US ETF market rose to 8 5 per cent at...
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 fundamental...
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