Invesco Canada has rolled out the PowerShares QQQ Class exchange-traded fund. The fund provides access to U.S. and international non-financial companies listed on the NASDAQ stock market based on market capitalization.
The vehicle invests directly in the PowerShares QQQ (CAD Hedged) Index ETF, listed on the Toronto Stock Exchange. The new fund also provides tax efficiency as it is offered in the corporate structure, allowing for switches between funds in the same corporation on a tax-deferred basis.
Click here for the release from Canada Newswire.