Invesco Trimark postponing listing of seven PowerShares ETFs on the TSX until credit markets improve

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June 25, 2009 12:00pm ETF BASIC NEWS

tsxThis story is directed to our Canadian neighbors. Apparently, market conditions are standing in the way of seven new PowerShares ETF’s listing on the Toronto Stock Exchange. Preliminary prospectus were submitted in August of last year, and were approved this March. After approval, Invesco Trimark had 90 days (JUNE 17th) to file the final prospectus.


 The Financial Post quoted Rudy Luukko, investment funds editor at Morningstar Canada as saying, “There’s no real change. They’re still on hold.” He also went on to note that, “All of the ETFs launched on the TSX since this period have been based on passive indices that are inherently easier to hedge by designated brokers.”

For the whole Financial Post story click: HERE

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