Invesco Trimark, a subsidiary of Invesco, is offering a range of mutual funds comprising PowerShares ETFs in Canada.
The suite of PowerShares mutual funds are designed to outperform traditional market capitalisation weighted benchmarks, by using a range of indexing strategies including fundamental indices.
Invesco says the indices provide access to global regions or niche markets that could otherwise be difficult or costly to tap through traditional mutual funds.
Invesco Trimark president Peter Intraligi says this offering packages the PowerShares ETFs in a mutual fund corporate structure which is tax-efficient. The range also provides another means of exposure to ETFs for financial advisers, who may not have direct access to the ETF market.
The range of eight mutual funds consists of the PowerShares FTSE RAFI Canadian Fundamental Index Class, which invests in Canadian companies with the highest fundamental weightings.
The Canadian Dividend Index Class fund invests in companies traded on major Canadian exchanges that have had stable regular dividend payments for the past five or more consecutive years.
The Global Agriculture Class invests in issuers in the agriculture or farming industries, and the Global Gold and Precious Metals Class invests in issuers from around the world engaged in gold and precious metals mining industry sectors.
The range includes the Global Water Class and the Global Clean Energy Class, investing in companies in the respective industries.
The FTSE RAFI Emerging Markets Fundamental Class invests in companies engaged in emerging markets with the highest fundamental weightings, and the Golden Dragon China Class invests in issuers in China, listed on US exchanges.
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