TORONTO, Sept. 4, 2013 /CNW/ - In a continuing effort to deliver low-cost access to innovative asset classes, PowerShares Canada has reduced the management fee on PowerShares Senior Loan (CAD Hedged) Index ETF (TSX: BKL) by 0.10% to 0.80%. The fee reduction is effective Friday September 6, 2013. Canada's first senior loan ETF, BKL provides access to an asset class that has historically delivered higher yield than other fixed-income securities of equal or higher credit quality and offers investors an added measure of security against borrower default. In addition, the low duration of senior loans may help to reduce a portfolio's overall interest-rate sensitivity. "For investors concerned about the U.S. Federal Reserve's latest signals on tapering its bond-buying program, BKL may provide peace of mind," said Michael Cooke, Head of Distribution, PowerShares Canada. "Historically, senior loans have fared extremely well relative to other fixed-income securities in rising-rate environments, delivering attractive current income, reduced interest-rate sensitivity and the added security of assets backed by collateral." BKL seeks to replicate, before fees and expenses, the performance of the S&P/LSTA (Loan Syndications and Trading Association) U.S. Leveraged Loan 100 Index (CAD Hedged). The index gives investors exposure to the largest 100 loan facilities drawn from a larger benchmark - the S&P/LSTA Leveraged Loan Index. 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. Ordinary brokerage commissions apply to purchases and sales of ETF units.