Two new Invesco ETFs on the market

Invesco has introduced the PowerShares 1-10 Year Laddered Investment Grade Corporate Bond Index ETF and PowerShares S&P/TSX REIT Income Index ETF. The bond fund is listed on the NEO Exchange, as PIB, while the REIT income fund is listed on the TSX, as REIT.

Both funds are designed to provide a monthly distribution, Invesco says in a release. It adds PIB has a management fee of 0.25% while REIT has a management fee of 0.45%.

Staff

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