Invesco launches Canada's first equal-weight European 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 Europe 350 Index: Invesco S&P Europe 350 Equal Weight Index ETF (EQE). This expands Invesco's equal-weight offering, following the launch of Invesco S&P 500 Equal Weight Index ETF (EQL), which began trading May 29, 2018.

Launching today on the NEO Exchange, EQE seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the S&P Europe 350 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. The ETF invests, directly or indirectly, primarily in equity securities of companies listed in Europe.