TORONTO, Dec. 15, 2016 /CNW/ - To accommodate any
potential future rollouts of new series with different currency
exposures, Invesco today announced changes to six Canadian-listed
PowerShares exchange-traded funds (ETFs) as well as the ticker
symbols for five of those ETFs, effective on or about January 12, 2017.
There will be no changes to the underlying strategies of
existing series of these ETFs, and current investors will not be
impacted by these changes.
The following table illustrates the upcoming changes to ETF
names and
tickers:
Current
name
|
Current
ticker(s)
|
New
name
|
New
ticker
|
PowerShares Senior
Loan (CAD Hedged) Index ETF
|
BKL
|
PowerShares Senior
Loan Index ETF
|
BKL.F
|
PowerShares
Fundamental High Yield Corporate Bond (CAD Hedged) Index
ETF
|
PFH
|
PowerShares
Fundamental High Yield Corporate Bond Index ETF
|
PFH.F
|
PowerShares S&P
500 Low Volatility (CAD Hedged) Index ETF
|
ULV
|
PowerShares S&P
500 Low Volatility Index ETF
|
ULV.F
|
PowerShares FTSE RAFI
U.S. Fundamental (CAD Hedged) Index ETF
|
PXU
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF
|
PXU.F
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF
|
PXS/
PXS.U
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF II
|
No change
|
PowerShares QQQ (CAD
Hedged) Index ETF
|
QQC
|
PowerShares QQQ Index
ETF
|
QQC.F
|
Effective on or about January 12,
2017, any attempted trades using the old tickers will not be
executed.
The ".F" ticker extension has become a standard indicator in the
Canadian ETF market for a currency-hedged series. Currently,
PowerShares Canada offers five currency-hedged ETFs. The tickers
for each of these ETFs will be changing to include the ".F" ticker
extension. At the same time, PowerShares Canada is removing "(CAD
Hedged)" from the names of the affected ETFs, allowing for the
creation of new series in the future, including unhedged CAD and
USD series.
In the case of PowerShares FTSE RAFI U.S. Fundamental Index ETF
(PXS/PXS.U), the addition of "II" to the name will differentiate
the ETF from the CAD-hedged PowerShares FTSE RAFI U.S. Fundamental
Index ETF (current ticker PXU, future ticker PXU.F). Both ETFs
follow the FTSE RAFI® US 1000 Index strategy, but
provide different currency exposures: PowerShares FTSE RAFI U.S.
Fundamental Index ETF PXU.F will be CAD-hedged; PowerShares FTSE
RAFI U.S. Fundamental Index ETF II PXS.U will be USD-unhedged; and
PowerShares FTSE RAFI U.S. Fundamental Index ETF PXS II will be
CAD-unhedged.
For more information, please visit invesco.ca. You can
also connect with Invesco on Twitter (@InvescoCanada), LinkedIn,
Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco Ltd. is an independent investment management firm
dedicated to delivering an investment experience that helps people
get more out of life. NYSE: IVZ; invesco.com.
Commissions, management fees and expenses may all be associated
with investments in exchange-traded funds (ETFs). 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
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.
FTSE® is a trademark owned by the London Stock
Exchange Group companies and is used by FTSE International Limited
("FTSE") under licence. The FTSE RAFI® Index Series is
calculated by FTSE in conjunction with Research Affiliates, LLC
("RA"). Neither FTSE nor RA sponsor, endorse or promote this
product and are not in any way connected to it and do not accept
any liability in relation to its issue, operation and trading. Any
intellectual property rights in the Index values and constituent
list vest in FTSE.
Investors should be aware of the risks associated with data
sources and quantitative processes used in our
investment-management process. Errors may exist in data acquired
from third-party vendors, the construction of model portfolios and
in coding related to the index and portfolio-construction process.
While RA takes steps to identify data and process errors so as to
minimize the potential impact of such errors on index and portfolio
performance, we cannot guarantee that such errors will not
occur.
"Fundamental Index®" and/or "Research Affiliates
Fundamental Index®" and/or "RAFI®" and/or all
other RA trademarks, trade names, patented and patent-pending
concepts are the exclusive property of Research Affiliates,
LLC.
S&P®, S&P 500® and S&P 500 Low
Volatility Index® are registered trademarks of Standard
& Poor's Financial Services LLC and have been licensed for use
by S&P Dow Jones Indices LLC and sublicensed for certain
purposes by Invesco Canada Ltd.
LSTA® is a registered trademark of Loan Syndications
and Trading Association and has been licensed for use by S&P
Dow Jones Indices LLC and Invesco Canada Ltd. TSX is a trademark of
TSX Inc. ("TSX") and has been licensed for use by S&P Dow Jones
Indices LLC and Invesco Canada Ltd.
The S&P 500 Low Volatility Index (CAD Hedged) and
S&P/LSTA U.S. Leveraged Loan 100 Index (CAD Hedged) (the
"Indices") are products of S&P Dow Jones Indices LLC, and have
been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s
PowerShares Index ETFs are not sponsored, endorsed, sold or
promoted by S&P Dow Jones Indices LLC, its affiliates, LSTA or
TSX, and none of such parties makes any representation regarding
the advisability of investing in such product.
Nasdaq®, OMX®, and Nasdaq OMX®
are registered trademarks of The Nasdaq OMX Group, Inc. ("Nasdaq
OMX") and LadderRite® is a registered trademark of
LadderRite Portfolios LLC ("LadderRite"). Nasdaq®,
OMX®, Nasdaq OMX® and LadderRite®
are collectively the "Marks". The Marks are used under licence to
PowerShares Capital Management LLC and Invesco Canada Ltd. The
product(s) have not been passed on by Nasdaq OMX or LadderRite as
to their legality or suitability. The product(s) are not issued,
endorsed, sold, or promoted by Nasdaq OMX or LadderRite, and NASDAQ
OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE PRODUCT(S).
Most PowerShares ETFs seek to replicate, before fees and
expenses, the performance of the applicable index, and are 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 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.
PowerShares Canada and Invesco are registered business names of
Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
PowerShares® and all associated trademarks are
trademarks of Invesco PowerShares Capital Management LLC (Invesco
PowerShares), used under licence.
© Invesco Canada Ltd., 2016
SOURCE Invesco Canada Ltd.