Invesco PowerShares launches five European equity factor ETFs

Charge of 0.30% per annum

Invesco PowerShares has unveiled a range of five ETFs offering exposure to a range of equity factors in Europe; value, quality, low beta, price momentum and earnings momentum.

The ETFs will track the Solactive Tradable European Factor indices, which select 50 stocks from a 675 stock universe with the greatest exposure to the respective factor. Rebalanced monthly, the ETFs will take into account the liquidity of the underlying stocks in order to reduce concentration risk. They will have a charge of 0.30% per annum and will be available in euros on Xetra. Chris Mellor (pictured), equity product specialist at Invesco PowerShares, said: "First of all, factors are nothing new. Academics have been researching them for decades to explain stock performance. "...