New Products Expand the Invesco Innovation Suite
TORONTO, May 27, 2021 /CNW/ -- Invesco Canada Ltd.
("Invesco") today announced the launch of two new exchange-traded
funds (ETFs) that offer investors exposure to a number of relevant
technology themes. The launch of the Invesco NASDAQ Next Gen 100
Index ETF (QQJR and QQJR.F) and the Invesco NASDAQ 100 Equal
Weight Index ETF (QQEQ and QQEQ.F) will build on the innovative
solutions offered by Invesco and Nasdaq, allowing clients several
distinctive entry points to own the disruptive companies listed on
The Nasdaq Stock Market. Invesco also announced the launch of CAD
Units of Invesco NASDAQ 100 Index ETF (QQC).
The Invesco innovation suite will be comprised of the following
TSX-listed ETFs:
- Invesco NASDAQ Next Gen 100 Index ETF (QQJR and QQJR.F)
- Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ and
QQEQ.F)
- Invesco NASDAQ 100 Index ETF (QQC and QQC.F)
"The launch of two new Invesco Nasdaq ETFs reaffirms the
commitment of Invesco's Canadian ETF business to providing our
clients with products that access the themes and companies at the
forefront of innovation," says Pat
Chiefalo, Head of Canada,
Invesco ETFs & Indexed Strategies. "Now Canadian investors can
choose several unique ways to gain exposure to the
category-defining companies listed on The Nasdaq Stock Market."
Globally, Invesco and its affiliates have a long history of
collaborating with Nasdaq in order to offer investors the ability
to own broad exposure to the innovative, forward-thinking companies
listed on The Nasdaq Stock Market. Together, they offer investors a
number of ETFs tracking Nasdaq Indexes worldwide. The Invesco
NASDAQ Next Gen 100 ETF will track the Nasdaq Next Generation
100 Index, which includes the "next 100" non-financial companies
listed on The Nasdaq Stock Market, outside of the Nasdaq 100 Index,
in a mid-cap ETF. The Invesco NASDAQ 100 Equal Weight Index
ETF will track the Nasdaq 100 Equal Weighted Index, which
re-weights the companies included in the Nasdaq 100 Index so that
each of the companies is set at a weight of 1% of the Index at each
quarterly rebalance.
Invesco also recently changed the name of the Invesco QQQ Index
ETF to the Invesco NASDAQ 100 Index ETF, dropping the
management fee to 0.20% of NAV to make it the most cost-effective
ETF in Canada tracking the Nasdaq
100 Index.
Together, the three core strategies in the Invesco innovation
suite allow clients to personalize their investing and decide which
strategy best suits their needs.
The top 200 non-financial companies listed on The Nasdaq Stock
Market have a legacy of using innovation to disrupt their
respective markets, with a strong tilt to many of the top themes in
technology. The two new ETFs will provide robust exposure to a
number of relevant technology themes, including the internet
economy, cloud computing, ai/big data, biotech, robotics and
cybersecurity.
"We're excited to partner again with Invesco and bring several
new Nasdaq Index strategies to the Canadian ETF market," said
Sean Wasserman, Vice President and
Head of Index and Advisor Solutions for Nasdaq. "Through the years
Invesco and Nasdaq have continued to grow our partnership, working
constructively to find new and unique ways to ensure the same
innovation found in Nasdaq listed companies is echoed
in the Invesco Nasdaq ETFs."
The initial offering of Invesco NASDAQ Next Gen 100 ETF (QQJR
and QQJR.F) and Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ and
QQEQ.F) has now closed. Units in the ETFs will be available for
trading on TSX when the market opens today.
The initial offering of the CAD Units of Invesco QQQ Index ETF
(QQC) has now closed. Units of the CAD Units of Invesco QQQ
Index ETF (QQC) will be available for trading on TSX when the
market opens today.
Invesco Ltd Americas ETF suite currently has over US$320.4 billion in assets under management (AUM)
as of March 31, 2021. Invesco
Canada Ltd. is a subsidiary of Invesco Ltd.
About Invesco Ltd.
Invesco Ltd. (NYSE: IVZ) is a
global independent investment management firm dedicated to
delivering an investment experience that helps people get more out
of life. Our distinctive investment teams deliver a comprehensive
range of active, passive and alternative investment capabilities.
With offices in 25 countries, Invesco Ltd. managed US$1.4 trillion in assets on behalf of clients
worldwide as of March 31, 2021. For
more information, visit invesco.com.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Commissions, management fees and expenses may all be associated
with investments in mutual funds and exchange-traded funds (ETFs).
Trailing commissions may be associated with investments in mutual
funds. Mutual funds and ETFs are not guaranteed, their values
change frequently and past performance may not be repeated. There
are risks involved with investing in ETFs and mutual funds. Please
read the prospectus before investing. Copies are available from
Invesco Canada Ltd. at www.invesco.ca.
There are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units. The Invesco ETF seeks to replicate, before fees and
expenses, the performance of the applicable index, and is not
actively managed. This means that the sub-advisor will not attempt
to take defensive positions in declining markets and the ETF will
continue to provide exposure to each of the securities in the
index
Invesco is a registered business name of Invesco Canada Ltd.
Nasdaq®, Nasdaq-100® Equal Weighted Index, Nasdaq-100 Index®,
and Nasdaq Next Generation 100 Index ® are registered
trademarks of Nasdaq, Inc. (which with its affiliates is referred
to as the "Corporations") and are licensed for use by Invesco
Canada Ltd.
The Product(s) have not been passed on by the Corporations as to
their legality or suitability. The Product(s) are not issued,
endorsed, sold, or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO THE PRODUCT(S).
Invesco® and all associated trademarks are
trademarks of Invesco Holding Company Limited, used under
licence.
Contact: Stephanie Diiorio 212
278 9037 Stephanie.Diiorio@invesco.com
SOURCE Invesco Ltd.