Tag Archives: PowerShares

ETF News

London Likes The Dollar-PowerShares Lists New ETFs on LSE

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MarketsMuse ETF update profiles the latest entry to land of exchange-traded-funds with spotlight on Invesco PowerShares listing of U.S. dollar share class versions of its three exchange traded funds (ETFs) on the London Stock Exchange, allowing investors to access U.S. equity markets and trade in the rising domestic currency. Giving credit when due, below is extract from ETF.com

Its three funds – the PowerShares EQQQ NASDAQ-100 UCITS ETF, the PowerShares FTSE RAFI US 1000 UCITS ETF and the PowerShares Dynamic US Market UCITS ETF now all trade in USD and GBP, in response to growing client demand, according to PowerShares. A note from the provider said that in 2014, there was over $110 billion worth of trades in USD across the LSE’s 600 ETP listings, which made up the vast majority of such ETP trades across Europe.

Bryon Lake, head of Invesco PowerShares – EMEA, said the trend for USD listings is increasing and that is why the provider now offers dual listings of its products.

“This is all part of our strategy to broaden our offering in Europe and to enable investors to gain further exposure to key investment strategies,” he said.

ETF News

ETFs in Europe: What’s Next?: Continent’s First Corporate Share Buyback ETF Courtesy of Powershares

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Below extract courtesy of Wealth Manager Magazine

The Invesco subsidiary Powershares officially launched its European PowerShares Global Buyback Achievers Ucits on the London Stock Exchange on 28 October.

The ETF, which is the first of its kind to be available in Europe according to Morningstar, invests in companies which have bought back at least 5% of their own shares in the past twelve months.

It tracks the Nasdaq Global Buyback Achievers Net Total Return Index, comprising securities from the Nasdaq US Buyback Achievers Index, through full physical replication as well as the Nasdaq International Buyback Achievers Index.

Bryon Lake, head of Invesco Powershares said: ‘This new product offers an innovative yet simple factor-based way to invest in global equities. Through the underlying index, the PowerShares Global Buyback Achievers Ucits ETF provides access to a “smart beta” approach to investing in companies that return value by buying back shares.

He added: ‘Buybacks can be more tax efficient than dividends, and this new ETF offers a low-cost, transparent and liquid vehicle through which to access this strategy.’