Enhancements to PowerShares funds

By John Powell | May 5, 2010 | Last updated on May 5, 2010
1 min read

With news that Canadians have invested over $1 billion in PowerShares ETFs and PowerShares funds, Invesco Trimark has announced changes to the distribution policy for select PowerShares funds.

Starting on May 14th, distributions paid on select PowerShares funds may include a return of capital component. According to Invesco Trimark, investors will benefit by receiving a smoother level of regular cash flow throughout the year and in amounts that are more consistent with the yield of the underlying index.

The enhancements are:

1. Monthly: PowerShares 1-5 Year Laddered Corporate Bond Index Fund, PowerShares High Yield Corporate Bond Index Fund.

2. Quarterly: PowerShares Canadian Preferred Share Index Class, PowerShares Diversified Yield Fund, PowerShares Global Dividend Achievers Fund.

3. Semi-Annual: PowerShares Global Dividend Achievers Fund, PowerShares Real Return Bond Index Fund.

“Many of the PowerShares ETFs and funds seek to outperform traditional benchmark indices while providing advisors and investors access to an innovative array of focused investment opportunities. Reaching the $1 billion milestone demonstrates the tremendous interest and relevance of PowerShares in the Canadian marketplace,” said Peter Intraligi, president of Invesco Trimark.

John Powell