Invesco Canada launches four new ETFs, offering investors access to high-quality active management strategies
Invesco Canada Ltd. has launched four new exchange-traded funds (ETFs) that expand its lineup of actively managed offerings.
These new products are designed to provide investors with access to Invesco’s high-quality active management within an ETF structure.
According to Pat Chiefalo, senior vice president, head of ETFs and Indexed Strategies at Invesco Canada, the growing interest in active ETFs makes this the ideal time for Invesco to expand its capabilities in Canada.
The launch of these ETFs aims to meet investor demand by offering strong investment strategies across different vehicles, helping investors achieve their objectives.
The four ETFs launched today are as follows:
|
ETF Name |
Ticker |
Current Mgmt. Fee (bps) |
Effective Net Mgmt. Fee (bps) |
Effective |
|---|---|---|---|---|
|
Invesco S&P 500 Equal Weight Income Advantage ETF |
EQLI |
34 |
0 |
Inception – Feb. 28, 2025 |
|
Invesco NASDAQ 100 Income Advantage ETF |
QQCI |
34 |
0 |
Inception – Feb. 28, 2025 |
|
Invesco Canadian Core Plus Bond ETF |
ICCB |
45 |
N/A |
N/A |
|
Invesco Global Bond ETF |
ICGB |
55 |
N/A |
N/A |
The Invesco NASDAQ 100 Income Advantage ETF and Invesco S&P 500 Equal Weight Income Advantage ETF combine equity exposure with a consistent, high monthly yield. Both ETFs are unique in that they offer a balance of yield and growth with a focus on long-term total returns.
Invesco has waived the full 34 bps management fee for these ETFs until at least February 28, 2025, making them particularly attractive to investors seeking both income and market participation.
These two ETFs are designed for investors who want to participate in core, trusted equity indices with less volatility and downside risk. The strategies focus on providing consistent monthly income while balancing yield and growth, making them appealing for long-term investment goals.
The Invesco Canadian Core Plus Bond ETF and Invesco Global Bond ETF, on the other hand, focus on consistent income and capital growth.
These ETFs primarily invest in investment-grade fixed-income securities from governments, corporations, and other issuers, offering investors an opportunity for diversification while maintaining steady income and growth.
The initial offering for these ETFs has closed, and units will be available for trading on the Toronto Stock Exchange (TSX) when the market opens today.
Invesco also provided clarification on the use of ‘bps’ in their announcements. Basis points, abbreviated as ‘bps,’ are a unit of measurement used to describe percentage values or rates, where one basis point is equivalent to 0.01 percent, or 0.0001 in decimal form.
