Invesco launches PowerShares QQQ Class

Invesco Canada has introduced the latest addition to its PowerShares Funds family: the PowerShares QQQ Class, which provides exposure to the U.S.-listed PowerShares QQQ.

The triple-Q offers access to the 100 largest U.S. and international non-financial companies listed on NASDAQ.

“Through our new fund, investors can complement and diversify their portfolios with sector exposure that differs from that of the S&P/TSX Composite Index, which is heavily concentrated in the financials, materials and energy sectors,” said Michael Cooke, head of distribution, PowerShares Canada.

The new fund hedges exposure to the U.S. dollar. The corporate class structure allows investors to switch between funds on a tax-deferred basis.

Staff

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