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Invesco to migrate PowerShares ETF from TSX to NEO

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Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) has announced that Invesco Canada is to change the listing venue for the PowerShares Ultra Liquid Long Term Government Bond Index ETF (PGL) from the Toronto Stock Exchange (TSX) to Aequitas NEO Exchange (NEO).

This is the first ETF migration for Invesco and the second time an ETF issuer will migrate ETFs from the TSX following the move of certain iShares by Blackrock ETFs to NEO earlier this year.
 
“We are proud to support competition in Canada’s capital markets because it drives innovation and leads to a well-functioning investments industry,” says Christopher Doll, Vice President, PowerShares Sales and Strategy.
 
For 2017 year to date while PGL has been listed on the TSX, NEO has already handled close to 50 per cent of the volume traded. Subject to exchange approvals, PGL is expected to migrate to NEO in December 2017.
 
“Invesco’s decision to migrate an ETF to us shows that we are succeeding in our mission to innovate and improve Canada’s capital markets for all investors through competition,” says Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “Invesco’s decision to further expand their presence on NEO for a fourth time not only speaks to the strength of our growing ETF track record, but also to their dedication to a competitive and better Canadian capital market landscape for all investors.”

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