Invesco and Evolve Funds Group Inc. are launching new ETFs.

Invesco has announced the launch of PowerShares 1-5 Year Laddered All Government Bond Index ETF (PGB).

PGB selects investment-grade government bonds that offer a higher yield than traditional federal non-agency government issues, including agency, provincial and municipal. PGB seeks to replicate, before fees and expenses, the performance of the FTSE TMX Canada 1-5 Year All Government Laddered Bond Index.

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The initial offering of PGB has now closed and it will be available for trading on the Aequitas NEO Exchange today. PGB’s  management fee is 0.15%.

Meanwhile, Evolve Funds Group Inc. has filed a final prospectus to launch the Evolve Blockchain ETF (LINK). Units of LINK have been conditionally approved for listing on the TSX to begin trading on March 6, 2018.

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LINK seeks to maximize total return by actively investing primarily in equity securities of issuers whose principal business is the research, development, use or supply of blockchain technologies and applications, including technology hardware, says the firm in a release.

Further, the ETF invests in equity securities of domestic and foreign publicly listed issuers, and other companies, that are developing or utilizing blockchain-based and other distributed ledger technologies. Generally, these equity securities are issued by small and large-cap companies across a wide variety of industries, such as technology, financial services, communications or consumer products, explains the firm, and whose business activities also involve the research, development, utilization and funding of transformational digital ledger technologies.

LINK will close the initial offering of units to its designated broker by the close of business on March 5, 2018.

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