Toronto-based Invesco Canada Ltd. added two new series to its PowerShares DWA Global Momentum Index ETF on Tuesday.<\/p>\n

The ETF is now available in a hedged Canadian-dollar version and an unhedged U.S.-dollar version, in addition to its original version of unhedged Canadian dollar-denominated units.<\/p>\n

“Exchange-rate volatility can have a substantial impact on investment returns. It’s not always enough to choose the strategy that fits your needs \u2013 investors need to consider their currency exposure as well,” says Christopher Doll, vice president of product and business strategy with PowerShares Canada, in a statement. “We look forward to rolling out similar series of additional ETFs, based on investor demand.”<\/p>\n

See: Invesco makes additions to ETFs lineup<\/a><\/strong><\/p>\n

Photo copyright: awrangler\/123RF<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

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