Aequitas NEO Lands PowerShares as First Listed ETF

Upstart Aequitas Neo Exchange has landed its first listed exchange traded fund in Canada – from mega money manager Invesco.

The new exchange announced it has received its first listing application from PowerShares Canada. The Invesco-sponsored fund has filed a preliminary prospectus with Canadian securities regulators for PowerShares DWA Global Momentum Index ETF, and applied to have the ETF listed on NEO.

According to NEO, this listing will be the first in a series of new listings expected on NEO in the coming months, demonstrating the importance of competition to drive innovation and efficiency in the Canadian capital markets.

With a shared vision of bringing competitive and innovative solutions to the Canadian capital markets, Invesco Canada is the perfect partner to kick off the listing business on NEO, stated Jos Schmitt, President and Chief Executive Officer of NEO. We have designed our listings offering to ensure we optimize the investor experience. We look forward to meeting the needs of companies and investment products who choose to list on NEO.

We have completed our due diligence on NEOs operations, including its trading and market data business, and we are impressed with what we found, added Peter Intraligi, President, Invesco Canada. Through innovative and competitive investment products, we strive to give investors new opportunities to achieve their long-term financial goals. Invesco is a strong advocate of free market competition, as we believe it spurs innovation, which ultimately benefits investors.

Invesco Canada has filed its preliminary prospectus containing important information relating to PowerShares DWA Global Momentum Index ETF with the securities regulatory authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Invesco Canada and are also available on There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Invesco Canada is a shareholder of Aequitas Innovations Inc., the parent company of NEO. Peter Intraligi, President and Chief Operating Officer of Invesco Canada is a Director of Aequitas Innovations.