Bringing you live news and features since 2006 

Invesco launches new series for two PowerShares Canada ETFs

RELATED TOPICS​

Invesco is providing greater flexibility for Canadians to choose their currency exposure with new series of two of PowerShares Canada's exchange-traded funds (ETFs).

"Choosing the right currency exposure can help protect or even enhance investment returns," says Christopher Doll, vice president, product and business strategy, PowerShares Canada. "Our new series allow investors to choose the currency exposure that best suits their investment goals."
 
The initial offering of two new series of PowerShares DWA Global Momentum Index ETF has now closed. These new series, available in hedged Canadian-dollar-denominated units (ticker symbol DWG.F) and unhedged US-dollar-denominated units (DWG.U), will be available for trading on the NEO Exchange when the market opens today. Previously, DWA Global Momentum Index ETF (DWG) was available only in unhedged CAD-denominated units.
 
The initial offering of two new series of PowerShares S&P 500 Low Volatility Index ETF has now closed. These new series, available in unhedged Canadian-dollar-denominated units (ULV.C) and unhedged US-dollar-denominated units (ULV.U), will be available for trading on the TSX when the market opens today. Previously, PowerShares S&P 500 Low Volatility Index ETF (ULV.F) was available only in hedged Canadian-dollar-denominated units.
 
"Exchange-rate volatility can have a substantial impact on investment returns. It's not always enough to choose the strategy that fits your needs – investors need to consider their currency exposure as well," says Doll. "We look forward to rolling out similar series of additional ETFs, based on investor demand."
 
The ".F" ticker extension has become a standard indicator in the Canadian ETF market for a currency-hedged series. Recently, PowerShares Canada changed the tickers of six currency-hedged ETFs to include the ".F" ticker extension. PowerShares Canada also removed "(CAD Hedged)" from the names of affected ETFs, allowing the potential creation of new series in the future, including unhedged CAD and USD series.

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
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..

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 the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
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...
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