This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

PowerShares Canada Tops $3 Billion In AUM, Celebrates "year Of Firsts"

Stocks in this article: IVZ

TORONTO, Sept. 17, 2012 /CNW/ - PowerShares Canada announced today that it has reached a significant milestone, recently topping $3 billion in Canadian assets under management in its PowerShares ETFs and PowerShares ® Funds.

TSX-listed ETF assets have grown in excess of 25% since December 2011 to over $1 billion, making the company the fastest-growing new exchange-traded fund (ETF) provider in Canada.

"Our tremendous growth over the last year is a testament to our commitment and dedication to changing the Canadian ETF landscape," said Michael Cooke, Head of Distribution for PowerShares Canada.

Since June 2011, PowerShares Canada has launched 14 TSX-listed ETFs, complementing its lineup of 21 distinct PowerShares mutual funds.

In a market dominated by cap-weighted index ETFs, PowerShares Canada is leading the intelligent ETF revolution. Calling the last 12 months "a year of firsts," Cooke highlighted the following ETF innovations for PowerShares Canada:

  • Canada's first suite of low-volatility index ETFs, PowerShares S&P/TSX Composite Low Volatility Index ETF [TSX:TLV] and PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF [TSX:ULV];
  • Canada's first high-beta index ETFs, PowerShares S&P/TSX Composite High Beta Index ETF [TSX:THB] and PowerShares S&P 500 High Beta (CAD Hedged) Index ETF [TSX:UHB];
  • Canada's first fundamental high-yield ETF, PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF [TSX:PFH]; and
  • Canada's first senior loan ETF, PowerShares Senior Loan (CAD Hedged) Index ETF [TSX:BKL].

On September 18, Cooke will join Invesco Canada President Peter Intraligi to ring the opening bell for the TSX, celebrating the recent launch of PowerShares Tactical Bond ETF [TSX:PTB], PowerShares Canada's first actively managed ETF.

Part of the Invesco Ltd. family, PowerShares Canada is now the nation's fourth-largest ETF provider. For more information on PowerShares Canada's innovative lineup of ETFs and mutual funds, please visit www.powershares.ca.

About Invesco Ltd.

Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Canada offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. Invesco Ltd. is a leading independent global investment management firm dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high-net-worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETF's). ETFs 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.

There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs