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PowerShares Canada tops USD3bn in AUM

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PowerShares Canada has topped USD3bn in Canadian assets under management in its PowerShares ETFs and PowerShares Funds.



TSX-listed ETF assets have grown in excess of 25 per cent since December 2011 to over USD1bn, making the company the fastest-growing new exchange-traded fund provider in Canada.

"Our tremendous growth over the last year is a testament to our commitment and dedication to changing the Canadian ETF landscape," says Michael Cooke (pictured), head of distribution for PowerShares Canada.

Since June 2011, PowerShares Canada has launched 14 TSX-listed ETFs, complementing its line-up of 21 PowerShares mutual funds.

On 18 September, 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, PowerShares Canada’s first actively managed ETF.

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