Invesco Canada Ltd. has launched of two new PowerShares Canada smart beta exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX).

The new ETFs, began trading on TSX earlier this week, employ a low-volatility strategy to provide investors with access to the world’s equity markets.

“A low-volatility equity index does more than reduce risk. Historically it has resulted in higher long-term performance than cap-weighted indices,” said Michael Cooke, head of distribution, PowerShares Canada, said in a release. “Income-oriented investors may also benefit from a low volatility strategy, because these have traditionally offered higher yields than the broader market.”

PowerShares S&P International Developed Low Volatility Index ETF (TSX: ILV) seeks to replicate, before fees and expenses, the performance of the S&P BMI International Developed Low Volatility Index. The Index is designed to give investors exposure to the 200 stocks from the S&P Developed Ex. US & South Korea LargeMidCap Index with the lowest realized volatility over the past 252 trading days as of the most recent quarterly rebalancing. ILV features a management fee of 0.40%.

PowerShares S&P Emerging Markets Low Volatility Index ETF (ELV) seeks to replicate, before fees and expenses, the performance of the S&P BMI Emerging Markets Low Volatility Index. The underlying index is designed to give investors exposure to the 200 stocks from the S&P Emerging Plus LargeMidCap Index with the lowest realized volatility over the past 252 trading days as of the most recent quarterly rebalancing. ELV offers investors access to the emerging markets at a management fee of 0.44%.