PowerShares introduces new funds

Invesco has launched nine new PowerShares funds which will combine the features of U.S.-listed ETFs with those of mutual funds offered in Canada.

The addition of the nine new options increases the number of PowerShares funds to 17.

The new funds are as follows:

PowerShares 1-5 Year Laddered Corporate Bond Index Fund : Invests in short-term investment-grade bonds issued by Canadian companies.

PowerShares Real Return Bond Index Fund: Invests primarily in Government of Canada Real Return Bonds.

PowerShares High Yield Corporate Bond Index Fund: Invests primarily in a diverse group of high-yield bonds issued in the U.S. domestic market.

PowerShares Diversified Yield Fund: Invests in a diversified portfolio of PowerShares Funds that invest in corporate bonds and high-yielding Canadian equity securities. The fund also offers investors the option of receiving targeted annual distributions with Invesco Trimark’s distribution (T-FLEX) series T6 and T8.

PowerShares Canadian Preferred Share Index Class: Invests in preferred shares of Canadian companies.

PowerShares Global Dividend Achievers Fund: Seeks to provide a return similar to the return of one or more PowerShares ETFs that invest primarily in dividend-paying equities from developed markets globally that have increased their dividends for five or more consecutive fiscal years.

PowerShares FTSE RAFI U.S. Fundamental Fund: Seeks to provide a return similar to the return of one or more PowerShares ETFs that invest in the largest U.S. equities with the highest fundamental weightings.

PowerShares FTSE RAFI Global+ Fundamental Fund: Seeks to provide a return similar to the return of one or more PowerShares ETFs that invest in companies with the highest fundamental weightings across both developed and emerging markets globally.

PowerShares India Class: Seeks to provide a return similar to the return of one or more PowerShares ETFs that invest primarily in India.