Toronto-based Invesco Canada Ltd. has announced that its plan to move PowerShares Ultra Liquid Long Term Government Bond Index ETF to Aequitas NEO Exchange Inc. (NEO) from the Toronto Stock Exchange (TSX) will take place in two weeks.
Invesco Canada has already received conditional approval from NEO to list the units of the ETF on the exchange. The firm anticipates that the ETF will be delisted voluntarily from the TSX on Dec. 13. Units of the ETF will then be listed on NEO and available for trading the following day.
Invesco Canada announced the plans to change the listing venue of PowerShares Ultra Liquid Long Term Government Bond Index ETF to NEO from the TSX earlier this month.
This will be the first ETF migration for Invesco Canada and the second time an ETF issuer has moved ETFs to NEO from the TSX. Earlier this year, Toronto-based BlackRock Asset Management Canada Ltd. moved certain iShares funds to NEO.