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Invesco PowerShares unveils five factor ETFs

ETFsInvesco PowerShares has launched five ETFs offering investors exposure to factor investing in the European equity market.

The ETFs track Solactive Tradable European Factor indices, which are derived from a universe of 675 stocks.

The ETFs – which benchmark to factors including quality and momentum – are available in euros on Xetra, the electronic trading system of Deutsche Borse, with an ongoing charge of 0.30% per annum. 

Chris Mellor, equity product specialist at Invesco PowerShares, said it was evident that more investors were using factors to enhance performance or hedge risk in their portfolios.

Mellor said: “We expect these new ETFs to attract a variety of investors who want to pursue factors from either a tactical or a strategic perspective. For example, hedge funds are likely to use them in the same way as our sector ETFs, providing them with an easy way to capture or adjust exposure to a specific part of the market for hedging purposes.”

The new products are: PowerShares Tradable European Value Factor Ucits ETF; PowerShares Tradable European Quality Factor UcitsS ETF; PowerShares Tradable European Low Beta Factor Ucits ETF; PowerShares Tradable European Price Momentum Factor Ucits ETF;  and PowerShares Tradable European Earnings Momentum Factor Ucits ETF.

Invesco PowerShares has €25.4 billion in total assets under management in Europe.

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