Toronto-based Invesco Canada Ltd. Friday announced the listing of PowerShares Tactical Bond ETF (TSX:PTB), a diversified fixed-income ETF that seeks to provide both income and capital growth.
PTB has closed the initial offering of its units and began trading on Toronto Stock Exchange Friday morning.
“This newest ETF provides diversified fixed-income exposure for investors and financial advisors through changing financial markets,” says Michael Cooke, head of distribution for PowerShares Canada. “Compared to a traditional portfolio of Canadian government and investment-grade corporate bonds, PTB provides the opportunity for higher yields, while managing risk.”
Strategically diversified across fixed-income asset classes, PTB invests primarily in a mix of Canadian government, investment-grade corporate and real return bonds, and U.S. high-yield corporate bonds. The ETF employs tactical shifts to take advantage of market opportunities while seeking to protect capital during market downturns.
PTB’s holdings will be managed by Invesco’s global asset allocation team, which has more than 100 years of combined investment management experience and is led by portfolio manager Scott Wolle, named a “2012 Rising Star of Mutual Funds” by Institutional Investor Intelligence. The GAA team uses an overall diversification strategy that employs asset classes that have historically performed well in different economic cycles: recessionary, non-inflationary growth and inflationary growth.