08:46:24 EDT Sat 18 May 2024
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Invesco rolls out two ETFs

2024-01-18 12:29 ET - News Release

See News Release (C-INAI) Invesco Morningstar Global Next Gen AI Index

Mr. Pat Chiefalo of Invesco Canada reports

INVESCO CANADA ADDS TWO ETFS TO ITS CANADIAN SUITE

Invesco Canada Ltd. has launched two new exchange-traded funds (ETFs) that will provide investors with a way to easily access strategies relevant to the current market environment. This launch includes a new ETF offering artificial intelligence (AI) thematic exposure as well as a new income-generating strategy that can be purchased in U.S. dollars and complements investor interest in Invesco 1-3 Year Laddered Floating Rate Note ETF (PFL).

"Canadian investors have shown interest in Invesco ETFs that offer both innovative themes and differentiated access to income generation," said Pat Chiefalo, senior vice-president, head of ETFs and indexed strategies, Canada. "Today's launch expands our ETF product lineup into new strategies that we believe will resonate most with clients, offering unique ways to meet their desired investment outcomes."

The Invesco Morningstar Global Next Gen AI Index ETF (INAI, INAI.F) is based on the Morningstar Global Next Generation Artificial Intelligence Index, which is designed to deliver exposure to companies anticipated to have significant economic benefits due to their role in the advancement of AI technologies, including next-generation AI technologies such as generative AI, AI data and infrastructure, AI services, and AI software technologies.

Invesco is also launching a new ultrashort-duration ETF to give Canadian investors the opportunity to access high-quality U.S. floating-rate notes in a Canadian ETF that is purchased in U.S. dollars. The Invesco U.S. Treasury Floating Rate Note Index ETF (USD) (IUFR.U) tracks the FTSE U.S. Treasury Floating-Rate Note Index, which seeks to invest in U.S. treasury floating-rate notes with time to maturity greater than or equal to one month.

The initial offering of the two ETFs included in the attached table has now closed. Units in the ETFs will be available for trading on TSX when the market opens today.

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