PowerShares Canada is reducing the management fee on its PowerShares Senior Loan (CAD hedged) Index ETF, Toronto-based Invesco Canada Ltd. announced on Wednesday.

As of Sept. 6, 2013, the management fee on the ETF will be 0.80%, down by 0.10%.

Before fees and expenses, the ETF attempts to replication the performance of the S&P/LSTA (Loan Syndications and Trading Association) U.S. Leveraged Loan 100 Index (CAD hedged). According to PowerShares Canada, the product exposes investors to the largest 100 loan facilities S&P/LSTA Leveraged Loan Index.