Toronto-based Invesco Canada Ltd. announced on Tuesday that it’s adding two new income-focused ETFs to its lineup.
PowerShares S&P 500 High Dividend Low Volatility Index ETF and PowerShares S&P Global ex. Canada High Dividend Low Volatility Index ETF will seek out low-volatility and high-yield stocks.
Both ETFs are anchored by the same strategies, which screen for dividend yield and volatility.
“Screening by dividend payment alone can expose investors to unwanted risk,” says Christopher Doll, vice president of product and business strategy wotj PowerShares Canada, in a statement. “The addition of a volatility screen helps mitigate the risk that a company’s dividend yield is due to falling share value.”
These new ETFs are now available for trading on Aequitas NEO Exchange.