Invesco launches three PowerShares ETFs

A day after launching two fixed income ETFs, Invesco has unveiled three more PowerShares ETFs, including one equity and two equity-income mandates.

PowerShares QQQ (CAD Hedged) Index ETF seeks to replicate, before fees and expenses, the performance of the NASDAQ-100 Currency Hedged CAD Index. The ETF will distribute income quarterly.

PowerShares Canadian Preferred Share Index ETF seeks to replicate, before fees and expenses, the performance of the Indxis Select Canadian Preferred Share Index, which is comprised of select preferred shares of Canadian companies that trade on TSX.

PowerShares Canadian Dividend Index ETF seeks to replicate, before fees and expenses, the performance of the Indxis Select Canadian Dividend Index, which comprises companies incorporated in Canada, traded on a major Canadian exchange and having stable or increasing annual regular dividend payments for the past five or more consecutive years.

The two equity-income funds will distribute income on a monthly basis.

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