Invesco S&P/TSX Composite Low Volatility Index ETF (TLV.TO) TSX

37.11

-0.09(-0.24%)

Updated at September 08 11:11AM

Currency In CAD

Invesco S&P/TSX Composite Low Volatility Index ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

May 02, 2012

Key Executives

N/A

Description

The fund tracks an index that focuses on Canadian equities that exhibit low-volatility. The index is designed to provide exposure to approximately 50 of the least volatile stocks included in the S&P/TSX Composite Index. This strategy stems from the issuer’s belief that lower volatility stocks have historically had higher dividend yields and better performance than the broader market. Volatility is computed as the standard deviation of a security’s daily price returns over the prior one year trading period. Constituents within the index are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights. Index rebalancing is done quarterly.