ETF roundup

Invesco offers S&P 500 downside hedge; iShares ETF first in Europe to track high yield bonds

Invesco PowerShares is set to add S&P 500 Downside Hedged ETF (PHDG) to its portfolio. The fund, which is listed on NYSE Arca, is linked to the performance of S&P 500 Dynamic Veqtor Index and promises positive total returns in rising and falling markets with an expense ratio of 0.39%. Downside hedging is sustained via Vix futures or cash, and if losses are greater than 2% over a five-day period, the fund becomes 100% cash.

iShares has launched the first European ETF to give exposure to global