Invesco has launched the PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF. The fixed-income ETF will use the Research Affiliates Fundamental Index (RAFI) methodology in Canada.

The new offering will be available for trading on the Toronto Stock Exchange. The vehicle seeks to replicate the performance of the RAFI High Yield Bond CAD Hedged Index, which is comprised of U.S.-dollar-denominated bonds.

Click here for the release from Canada Newswire.