Toronto-based Invesco Canada Ltd. has filed a preliminary prospectus with the Canadian securities regulators for a new ETF, Invesco S&P 500 Equal Weight Index ETF, the company announced on Wednesday.

The fund aims to replicate the performance of the S&P 500 Equal Weight Index on an unhedged basis, in the case of any unhedged units, or on a hedged basis, in the case of any hedged units.

The ETF invests, directly or indirectly, mainly in equity securities of companies listed in the U.S.

“We’re dedicated to bringing Canadians the best ideas from Invesco’s recent acquisition of Guggenheim Investments’ ETF business,” says Peter Intraligi, president of Invesco Canada and head of wealth management intermediaries, the Americas, in a statement.

The recent acquisition of Guggenheim Investments’ ETF business on April 9 by Atlanta-based Invesco Ltd., the parent company of Invesco Canada, is intended to strengthen Invesco’s ETF capabilities as well as the firm’s efforts to help meet the needs of institutional and retail clients worldwide.

With the addition of the Guggenheim ETFs, Invesco’s ETF assets under management total more than US$215.3 billion globally, bringing overall assets to US$984.2 billion as of Feb. 28.

“Since our announcement of the proposed transaction in Sept. 2017, we’ve continued to deliver strong investment performance for our clients and strengthened our business momentum while working toward a successful close of this transaction,” says Martin L. Flanagan, president and CEO of Invesco, in a statement.

“The addition of Guggenheim’s products to Invesco’s strong and diversified range of active, passive and alternative capabilities and expertise will further enhance our ability to meet the investment needs of our clients and deliver the value they seek,” he adds.