TORONTO, Aug. 24, 2012 /CNW/ - The fixed-income portion of a portfolio should provide capital preservation, risk management and income generation. In an environment of low yields and economic uncertainty, fixed-income investing has become very complicated. To simplify the process for investors and advisors alike, PowerShares Canada today announced the listing of PowerShares Tactical Bond ETF [TSX:PTB], a diversified fixed-income ETF that seeks to provide both income and capital growth.
This ETF has now closed the initial offering of its units and will be available for trading on TSX when the market opens today.
"This newest ETF provides diversified fixed-income exposure for investors and financial advisors through changing financial markets," said Michael Cooke, Head of Distribution for PowerShares Canada. "Compared to a traditional portfolio of Canadian government and investment-grade corporate bonds, PTB provides the opportunity for higher yields, while managing risk."
Strategically diversified across fixed-income asset classes, PTB invests primarily in a mix of Canadian government, investment-grade corporate and real return bonds, and U.S. high-yield corporate bonds. The ETF employs tactical shifts to take advantage of market opportunities while seeking to protect capital during market downturns.PTB's holdings will be managed by Invesco's Global Asset Allocation team, which has more than 100 years of combined investment management experience and is led by portfolio manager Scott Wolle, named a 2012 Rising Star of Mutual Funds by "Institutional Investor Intelligence." The GAA team uses an overall diversification strategy that employs asset classes that have historically performed well in different economic cycles: recessionary, non-inflationary growth and inflationary growth. For more information on PowerShares Canada's growing roster of TSX-listed ETFs, please visit www.powershares.ca. Commissions, management fees and expenses may all be associated with investments in exchange-traded funds. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.powershares.ca. This piece was produced by Invesco Canada Ltd. PowerShares Canada is a registered business name of Invesco Canada Ltd.