Invesco PowerShares launches Canadian Preferred Share Index ETF

By Melissa Kory

Cleveland, June 16 - Invesco PowerShares Capital Management LLC said it launched the PowerShares Canadian Preferred Share Index exchange-traded fund on the Toronto Stock Exchange under the ticker symbol "PPS."

The ETF seeks to replicate the performance of the Indxis Select Canadian Preferred Share index, which is comprised of select preferred shares of Canadian companies that trade on the Toronto Stock Exchange.

The income distribution frequency is monthly. The ETF carries a management fee of 0.45%.

Invesco PowerShares Capital Management is part of Invesco Ltd., an investment management company based in Atlanta.

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