Toronto-based Invesco Canada Ltd. added two new series to its PowerShares DWA Global Momentum Index ETF on Tuesday.
The ETF is now available in a hedged Canadian-dollar version and an unhedged U.S.-dollar version, in addition to its original version of unhedged Canadian dollar-denominated units.
“Exchange-rate volatility can have a substantial impact on investment returns. It’s not always enough to choose the strategy that fits your needs – investors need to consider their currency exposure as well,” says Christopher Doll, vice president of product and business strategy with PowerShares Canada, in a statement. “We look forward to rolling out similar series of additional ETFs, based on investor demand.”
See: Invesco makes additions to ETFs lineup
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