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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Invesco Ltd | NYSE:IVZ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.11 | 0.74% | 14.95 | 15.12 | 14.84 | 14.97 | 4,611,505 | 22:52:56 |
PowerShares 1-5 Year Laddered All Government Bond Index ETF (PGB)
TORONTO, Feb. 28, 2018 /CNW/ - To help Canadians achieve their financial goals, Invesco today announced the launch of PowerShares 1-5 Year Laddered All Government Bond Index ETF (PGB).
Despite rising interest rates, many investors may find yields on traditional Government of Canada bonds insufficient to fulfil their income needs. PGB seeks to address this by selecting investment grade government bonds that offer a higher yield than traditional federal non-agency government issues, including agency, provincial and municipal.
"A rising rate environment can be challenging for investors – while yields may rise, the value of longer-term government bonds may fall," says Christopher Doll, Vice President, Sales and Strategy, PowerShares Canada. "Shorter-term investment grade bonds tend to provide a measure of stability to a fixed income portfolio."
The initial offering of PGB has now closed and it will be available for trading on the Aequitas NEO Exchange when the market opens today.
PGB seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE TMX Canada 1-5 Year All Government Laddered Bond Index, or any successor thereto.
The underlying index is comprised of investment grade bonds issued by the Government of Canada, agencies, provinces and municipalities. As a laddered portfolio, PGB helps manage reinvestment risk by spreading out bond maturities.
PGB is competitively priced, with a management fee of 0.15% and offers the following potential benefits:
For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
FTSE TMX Global Debt Capital Markets Inc ("FTDCM"), FTSE International Limited ("FTSE"), the London Stock Exchange Group companies (the "Exchange") or TSX INC. ("TSX" and together with FTDCM, FTSE and the Exchange, the "Licensor Parties"). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE TMX Canada Investment Grade 1-5 Year Laddered Corporate Bond Index, the FTSE TMX Canada 1-10 Year Laddered Investment Grade Corporate Bond Index, the FTSE TMX Canada 1-5 Year All Government Laddered Bond Index and FTSE TMX Canada Real Return Federal Non-Agency Bond Index ("the Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTDCM and all copyright in the Index values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the Licensor Parties shall not be under any obligation to advise any person of any error therein.
FTSE® is a trade mark owned by the London Stock Exchange Group companies and is used by FTSE International Limited ("FTSE") under license. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation, and trading. Any intellectual property rights in the index values and constituent list vests in FTSE.
* Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.
Copyright 2018 Canada NewsWire
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