Invesco launches Canada's first equal-weight U.S. large-cap ETF

Invesco today announced the launch of Canada's first exchange-traded fund (ETF) to provide equal-weight exposure to the companies that make up the S&P 500 Index: Invesco S&P 500 Equal Weight Index ETF (EQL). This launch comes after Invesco Ltd.'s recent acquisition of Guggenheim's ETF business in the U.S. 

EQL seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the S&P 500 Equal Weight Index or any successor thereto on an unhedged basis, in the case of any unhedged units, or on a hedged basis, in the case of any hedged units. EQL invests, directly or indirectly, primarily in equity securities of companies listed in the United States.