TORONTO, Sept. 17, 2012 /CNW/ - PowerShares Canada
announced today that it has reached a significant milestone,
recently topping $3 billion in
Canadian assets under management in its PowerShares ETFs and
PowerShares® Funds.
TSX-listed ETF assets have grown in excess of 25% since
December 2011 to over $1 billion, making the company the
fastest-growing new exchange-traded fund (ETF) provider in
Canada.
"Our tremendous growth over the last year is a testament to our
commitment and dedication to changing the Canadian ETF landscape,"
said Michael Cooke, Head of
Distribution for PowerShares Canada.
Since June 2011, PowerShares
Canada has launched 14 TSX-listed ETFs, complementing its lineup of
21 distinct PowerShares mutual funds.
In a market dominated by cap-weighted index ETFs, PowerShares
Canada is leading the intelligent ETF revolution. Calling the last
12 months "a year of firsts," Cooke highlighted the following ETF
innovations for PowerShares Canada:
- Canada's first suite of
low-volatility index ETFs, PowerShares S&P/TSX Composite Low
Volatility Index ETF [TSX:TLV] and PowerShares S&P 500 Low
Volatility (CAD Hedged) Index ETF [TSX:ULV];
- Canada's first high-beta index
ETFs, PowerShares S&P/TSX Composite High Beta Index ETF
[TSX:THB] and PowerShares S&P 500 High Beta (CAD Hedged) Index
ETF [TSX:UHB];
- Canada's first fundamental
high-yield ETF, PowerShares Fundamental High Yield Corporate Bond
(CAD Hedged) Index ETF [TSX:PFH]; and
- Canada's first senior loan
ETF, PowerShares Senior Loan (CAD Hedged) Index ETF [TSX:BKL].
On September 18, 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 [TSX:PTB],
PowerShares Canada's first actively managed ETF.
Part of the Invesco Ltd. family, PowerShares Canada is now the
nation's fourth-largest ETF provider. For more information on
PowerShares Canada's innovative lineup of ETFs and mutual funds,
please visit www.powershares.ca.
About Invesco Ltd.
Invesco Canada Ltd., operating under three distinct yet
complementary product brands (Trimark, Invesco and PowerShares), is
one of Canada's largest investment
management companies. A subsidiary of Invesco Ltd., Invesco Canada
offers a diversified suite of investment solutions to institutions,
organizations, companies and individual investors across
Canada and around the world.
Invesco Ltd. is a leading independent global investment management
firm dedicated to helping investors worldwide achieve their
financial objectives. By delivering the combined power of our
distinctive investment management capabilities, Invesco provides a
wide range of investment strategies and vehicles to our retail,
institutional and high-net-worth clients around the world.
Operating in more than 20 countries, the firm is listed on the
New York Stock Exchange under the
symbol IVZ. Additional information is available at
www.invesco.com.
Commissions, management fees and expenses may all be associated
with investments in exchange-traded funds (ETF's). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus before investing.
Copies are available from Invesco Canada Ltd. at
www.powershares.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.
Most PowerShares ETFs seek to replicate, before fees and
expenses, the performance of an applicable Index and are not
actively managed. This means that the Sub-advisor will not attempt
to take defensive positions in declining markets but rather
continue to provide exposure to the securities in the Index
regardless of whether the financial condition of one or more
issuers of securities in the Index deteriorates. In contrast, if a
PowerShares ETF is actively managed, then the Sub-advisor has
discretion to adjust that PowerShares ETF's holdings in accordance
with the ETF's investment objectives and strategies.
Units/shares of the PowerShares® Funds and of the
underlying PowerShares ETFs are not in any way sponsored, endorsed,
sold or promoted by any of the Funds' or PowerShares ETFs'
underlying index providers or their affiliates, and these companies
make no representation or warranty, express or implied, as to the
results to be obtained from the use of the index. None of these
companies is affiliated with Invesco Canada Ltd., Invesco
PowerShares Capital Management LLC or Invesco Advisers, Inc., nor
any of their affiliates. Products are not sponsored, endorsed, sold
or promoted by any of the index providers, and the index providers
make no representation regarding the advisability of investing in
these Funds.
Commissions, trailing commissions, management fees and expenses
may all be associated with mutual fund investments. Mutual funds
are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the simplified
prospectus before investing. Copies are available from your advisor
or from Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd. ETFs are not
diversified investments.
PowerShares Canada is a registered business name of Invesco
Canada Ltd.
Invesco and all associated trademarks are trademarks of Invesco
Holding Company Limited, used under licence. PowerShares, Leading
the Intelligent ETF Revolution, and all associated trademarks are
trademarks of Invesco PowerShares Capital Management, LLC, used
under licence.
© Invesco Canada Ltd., 2012
SOURCE Invesco Canada Ltd.