Toronto-based Invesco Canada Ltd. will soon be changing the names and ticker symbols of its PowerShares ETFs that are hedged to the Canadian dollar (C$).
The move is being made to adopt the “.F” ticker extension that has become a standard indicator for currency-hedged series in the Canadian ETF market. PowerShares Canada currently offers five currency-hedged ETFs and each of those ETFs will adopt a new name and ticker effective on or about Jan. 12, 2017.
For example, PowerShares Senior Loan (CAD Hedged) Index ETF currently has a ticker symbol of BKL but that product will see its name changed to PowerShares Senior Loan Index ETF with the accompanying ticker symbol of BKL.F in January.
The changes will also affect PowerShares FTSE RAFI U.S. Fundamental Index ETF, which is available in hedged and unhedged versions. PowerShares FTSE RAFI U.S. Fundamental (CAD Hedged) Index ETF will become PowerShares FTSE RAFI U.S. Fundamental Index ETF.
The unhedged version is currently named PowerShares FTSE RAFI U.S. Fundamental Index ETF but will become PowerShares FTSE RAFI U.S. Fundamental Index ETF II.
“There will be no changes to the underlying strategies of existing series of these ETFs, and current investors will not be impacted by these changes,” the announcement states. “Effective on or about Jan. 12, 2017, any attempted trades using the old tickers will not be executed.”
The full list of affected ETFs, along with their new names and ticker symbols, is available on Invesco Canada’s announcement.