Invesco cross-lists three PowerShares fixed income ETFs on SIX

Feb 20th, 2018 | By | Category: Fixed Income

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Invesco has cross-listed three PowerShares fixed income ETFs onto SIX Swiss Exchange, each tracking Bloomberg Barclays indices.

Invesco cross-lists three Powershares fixed income ETFs on SIX

Invesco has cross-listed three PowerShares fixed income ETFs onto to the Swiss exchange SIX.

The ETFs offers exposure to US dollar-denominated corporate bonds, euro-denominated corporate bonds, and dollar-denominated emerging market sovereign bonds.

The ETFs first made their debut in November 2017, launching on the London Stock Exchange or Deutsche Börse.

Each ETF tracks its respective index through physical replication using a sampling methodology and distributes income generated within its portfolio to investors on a regular schedule.

The PowerShares USD Corporate Bond UCITS ETF (PUIG SW) tracks the Bloomberg Barclays USD IG Corporate Liquidity Screened Bond Index. The average rating of underlying securities is A-, with industrials accounting for around 60% of the index’s sector allocation. Investors can currently expect a yield to maturity of approximately 3.2%.

The fund trades in US dollars, and its total expense ratio (TER) is 0.16%.

PUIG also trades on the London Stock Exchange, where it trades in US dollars. Since inception, the ETF’s assets under management (AUM) has grown to $100 million, an impressive feat considering the fund launched less than two months ago.

The PowerShares Euro Corporate Bond UCITS ETF (PSFE SW) tracks the Bloomberg Barclays Euro Corporate Bond Index. The average rating of underlying assets is A-, with industrials accounting for just over half of the sector allocation. Current yield to maturity is approximately 0.67%.

The fund trades in euros and has a TER of 0.16%. It also trades on Deutsche Börse and has €83m in AUM.

The PowerShares Emerging Markets USD Bond UCITS ETF (PEMD SW) tracks the Bloomberg Barclays Emerging Markets USD Sovereign Index. The average rating of underlying securities is BB+, with a yield to maturity of 5.08%. The top five country holdings are Argentina, Indonesia, Turkey, Mexico and Saudi Arabia.

The fund trades in US dollars and has a TER of 0.35%. PEMD is also available on the London Stock Exchange, where it trades in US dollars. It has also been relatively successful in growing fund assets, with AUM now standing above $100m.

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