Toronto-based Invesco Canada Ltd. has launched a new fixed-income ETF. PowerShares 1- to 5-Year Laddered All Government Bond Index ETF provides investors with exposure to investment-grade government bonds with a higher yield than traditional federal non-agency government issues. The ETF is meant to replicate the performance of the FTSE TMX Canada 1- to 5-year all government laddered bond index, which is composed of investment-grade bonds issued by the Government of Canada, agencies, provinces and municipalities. The ETF has a management fee of 0.15%.

(fcollie@invetmentexecutive.com).