Toronto-based Invesco Canada Ltd. is adding two series to its PowerShares DWA Global Momentum Index ETF.
The ETF, which is currently available in a Canadian-dollar version, will also be listed in a U.S.-dollar version and one that’s hedged to the Canadian dollar. These new series are expected to begin trading in the coming weeks and will be listed with Toronto-based Aequitas NEO Exchange Inc., according to an announcement on Tuesday.
The announcement also notes that Invesco Canada has filed a preliminary prospectus for PowerShares S&P 500 High Dividend Low Volatility Index ETF and PowerShares S&P Global ex. Canada High Dividend Low Volatility Index ETF.
These new ETFs are expected to launch in the first half of 2017, pending regulatory approval as well as approval from the NEO Exchange, which is the listing partner for the ETFs.
“We have seen firsthand that NEO offers enhanced transparency and a choice in service models that benefit Canadian investors,” says Christopher Doll, vice president of product and business strategy at PowerShares Canada, in a statement.
“Our decision to apply to list additional ETFs on NEO was driven by the efficiencies, quality of service and cost reductions that NEO has provided to the Canadian ETF industry,” he adds. “We look forward to strengthening our listing partnership in 2017.”
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