PowerShares launches ETF

PowerShares Tactical Bond (PTB) is a new diversified fixed-income ETF that provides income and capital growth.

PTB invests in a mix of Canadian government, investment-grade corporate and real return bonds, and U.S. high-yield corporate bonds. It employs tactical shifts to take advantage of market opportunities while protecting capital during down turns.

“PTB provides the opportunity for higher yields while managing risk,” says Michael Cooke, head of distribution for PowerShares Canada.

Invesco’s Global Asset Allocation team will manage the ETF’s holdings.

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