Invesco offers new currency-hedged ETF series

Invesco has launched a CAD-hedged series for Canada’s only global small/midcap equity ETF: PowerShares FTSE RAFI Global Small-Mid Fundamental ETF.

The new series allows investors to choose the currency exposure that best suits their investment goals: CAD-unhedged, USD-unhedged or CAD-hedged.

Read: Hard year ahead for U.S. dollar: Desjardins

The new ETFs seek to generate capital growth over the long term by investing—directly or indirectly—primarily in equities of small- and medium-sized companies from global developed markets.

The funds trade today on the TSX.

Also read:

Fidelity, Mackenzie offer new funds

Invesco updates strategy for monthly income fund

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.