PowerShares U.S. Low Volatility Index Fund provides investors with exposure to the S&P 500 ® Low Volatility Index (CAD Hedged) by investing primarily in securities of PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF (TSX: ULV).
Both underlying indices are provided by S&P Dow Jones Indices.
The S&P/TSX Composite Low Volatility Index is designed to measure the performance of the 50 least volatile stocks in the S&P/TSX Composite Index. Volatility is defined as the standard deviation of the security's daily price returns over the prior 252 trading days. Constituents are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights.
The S&P 500 ® Low Volatility Index (CAD Hedged) is designed to replicate the returns of the S&P 500 ® Low Volatility Index (the "Underlying Index"), with all or substantially all of the direct U.S.-dollar exposure of the Underlying Index hedged back to the Canadian dollar. The Underlying Index is designed to measure the performance of the 100 least volatile stocks in the S&P 500 ® Index. Volatility is defined as the standard deviation of the security's daily price returns over the prior 252 trading days. Constituents are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights. The Index hedges its beginning-of-period balances of its U.S.-dollar exposure back to the Canadian dollar by using rolling one-month forward contracts. Daily hedge returns are computed by interpolating between the spot price and the forward price.To learn more about PowerShares Canada, please visit www.powershares.ca . About Invesco Canada 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's singular focus is on investment management, offering a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca. About Invesco Ltd. 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 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 mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in mutual funds and ETFs. Please read the prospectus for a complete description of risks relevant to the mutual fund or ETF. Copies are available from Invesco Canada Ltd. at www.powershares.ca . Ordinary brokerage commissions apply to purchases and sales of ETF units.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts