Invesco launches 2 dividend funds

Invesco has launched the PowerShares S&P 500 High Dividend Low Volatility Index ETF (UHD) and the PowerShares S&P Global ex. Canada High Dividend Low Volatility Index ETF (GHD).

The initial offerings of units of UHD and GHD have now closed, and they’re available for trading on the NEO Exchange.

Both funds provide a source of dividend income and target growth potential from stock-price appreciation. They invest in liquid, high-yielding equity securities, and the funds screen for dividend yield and volatility, based on the standard deviation of price returns over the previous one-year trading period.

Both funds are available in Canadian, Canadian-hedged and USD units.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.