Bringing you live news and features since 2006 

Invesco PowerShares launches three fixed income ETFs

RELATED TOPICS​

Invesco PowerShares has launched three ETFs to meet strong demand among European investors for low cost fixed income vehicles.

The PowerShares USD Corporate Bond UCITS ETF, PowerShares Euro Corporate Bond UCITS ETF and PowerShares Emerging Markets USD Bond UCITS ETF build on PowerShares’ established European suite of nine active and passively managed fixed income ETFs co-managed by PIMCO as well as the PowerShares US High Yield Fallen Angels UCITS ETF.

The PowerShares USD Corporate Bond UCITS ETF tracks the Bloomberg Barclays USD Investment Grade Corporate Liquidity-Screened Bond Index and offers one of the lowest annual fees in the market at 0.16 per cent. The average rating of underlying assets is A-, with industrials accounting for around 60 per cent of sector allocation, and a yield to maturity of 3.11 per cent.

The PowerShares Euro Corporate Bond UCITS ETF tracks the Bloomberg Barclays Euro Corporate Index and also comes with a very low annual fee of just 0.16 per cent. The average rating of underlying assets is A-, with industrials accounting for just over half of the sector allocation, and a yield to maturity of 0.61 per cent.

The PowerShares Emerging Markets USD Bond UCITS ETF tracks the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index and, in the emerging market sector, offers one of the lowest annual fees at 0.35 per cent. The average rating of underlying assets is BB+, with a yield to maturity of 4.87 per cent. The top five country holdings are Argentina, Indonesia, Turkey, Mexico and Saudi Arabia.

Invesco PowerShares has USD29.8 billion in fixed income assets under management (AUM), and the firm’s European fixed income ETFs are managed by a team of six, led by Jeff Kernagis.
On 16th October this year, the firm expanded its range of short-term high yield ETFs with the launch of the PIMCO Euro Short-Term High Yield Corporate Bond Index Source UCITS ETF, a Europe-focused version of its existing USD product which has USD1.2 billion in AUM.

Paul Syms, Head of Fixed Income Product Management at Invesco PowerShares, says: “While the many benefits of ETFs are well known to equity investors, the focus continues to shift towards the fixed income space. There is clear and strong demand from investors for low cost, simple, transparent and well-structured fixed income solutions and, as underscored by the highly competitive nature of these new products, Invesco PowerShares is determined to be the leading provider of such ETFs in Europe.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
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