IVZ Invesco Ltd

Provides investors greater flexibility in currency exposure

TORONTO, Jan. 31, 2017 /CNW/ - Invesco has further extended the evolution of factor-based investing, allowing greater flexibility for Canadians to choose their currency exposure with two of PowerShares Canada's exchange-traded funds (ETFs).

"Choosing the right currency exposure can help protect or even enhance investment returns," said Christopher Doll, Vice President, Product and Business Strategy, PowerShares Canada. "Our new series allow investors to choose the currency exposure that best suits their investment goals."

The initial offering of two new series of PowerShares DWA Global Momentum Index ETF has now closed. These new series, available in hedged Canadian-dollar-denominated units (ticker symbol DWG.F) and unhedged U.S.-dollar-denominated units (DWG.U), will be available for trading on the NEO Exchange when the market opens today. Previously, DWA Global Momentum Index ETF (DWG) was available only in unhedged CAD-denominated units.

The initial offering of two new series of PowerShares S&P 500 Low Volatility Index ETF has now closed. These new series, available in unhedged Canadian-dollar-denominated units (ULV.C) and unhedged U.S.-dollar-denominated units (ULV.U), will be available for trading on the TSX when the market opens today. Previously, PowerShares S&P 500 Low Volatility Index ETF (ULV.F) was available only in hedged Canadian-dollar-denominated units.

"Exchange-rate volatility can have a substantial impact on investment returns. It's not always enough to choose the strategy that fits your needs – investors need to consider their currency exposure as well," said Doll. "We look forward to rolling out similar series of additional ETFs, based on investor demand."

The ".F" ticker extension has become a standard indicator in the Canadian ETF market for a currency-hedged series. Recently, PowerShares Canada changed the tickers of six currency-hedged ETFs to include the ".F" ticker extension. PowerShares Canada also removed "(CAD Hedged)" from the names of affected ETFs, allowing the potential creation of new series in the future, including unhedged CAD and USD series.

The name and ticker changes allow for the future expansion of new series on PowerShares Canada's existing lineup of ETFs. There were no changes to the underlying strategies of these ETFs and investors were not impacted by the changes.

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.

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The S&P 500 Low Volatility Index (CAD Hedged) is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares S&P 500 Low Volatility Index ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC or its affiliates, and none of S&P Dow Jones Indices LLC or its affiliates make any representation regarding the advisability of investing in such product.

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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.

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© Invesco Canada Ltd., 2017

SOURCE Invesco Canada Ltd.