Invesco Canada has reduced the fees an several of its ETFs, effective 27 July 2017.

The fee reductions and waivers take effect on 27 July 2018.

The funds have also been renamed, dropping the PowerShares brand in favour of Invesco.

Invesco announced in February that it would be phasing out the PowerShares name, moving to a unified brand to “contribute to a more consistent client experience across multiple markets.”

The following funds have seen their names changed and fees reduced:

Invesco Low Volatility Portfolio ETF (PLV CN) from 0.55% to 0.37%
Invesco Fundamental High Yield Corporate Bond Index ETF (PFH CN) from 0.65% to 0.55%
Invesco Senior Loan Index ETF (BKL CN) from 0.80% to 0.72%
Invesco S&P 500 Low Volatility Index ETF (ULV CN) from 0.35% to 0.30%
Invesco FTSE RAFI Global Small-Mid ETF (PZW CN) from 0.60% to 0.49%
Invesco FTSE RAFI US Index ETF (PXU CN) from 0.55% to 0.44%
Invesco FTSE RAFI US Index ETF II (PXS CN) from 0.55% to 0.44%
Invesco DWA Global Momentum Index ETF (DWG CN) from 0.15% to 0.05%
Invesco QQQ Index ETF (QQC CN) from 0.32% to 0.25%

In addition, the following ETFs, which have also undergone name changes, have seen a portion of their management fee waived:

The Invesco S&P Emerging Markets Low Volatility Index ETF (ELV CN) has had its management fees reduced from 0.44% to 0.34% due to a waiver in place until at least February 2019.

The Invesco FTSE RAFI Global+ Index ETF (PXG CN) has had its management fees reduced from 0.60% to 0.50% due to a waiver in place until at least December 2019.