The ETF offers exposure to companies that meet S&P DJI's Environmental, Social and Governance criteria for selection in the S&P 500 ESG Index. This enables Canadian investors to access US large-cap companies that align with their personal ESG values, while still offering a risk/return profile similar to the benchmark S&P 500 Index, says Invesco.

"Invesco has been very deliberate in our expansion of the ETF business in Canada, thoughtfully launching products that we feel will further open up innovation in the space," says Dan Draper, Managing Director, Global Head of Invesco ETFs. "We believe that the Invesco S&P 500 ESG Index ETF will build on that history by offering an ESG fund that utilizes the framework of the most notable measure of the US equity market."

Jasmit Bhandal, Vice President, Head of ETF Product Strategy & Development in Canada, says the launch of the Invesco S&P 500 ESG Index ETF recognizes the demand from Canadian investors for an ETF that screens for ESG but still offers a return profile in line with the US large-cap market. "We believe that S&P DJI's method of evaluating and eliminating companies in this ESG Index could produce an ETF portfolio that overall favours companies with strong ESG scores, while still maintaining the same sector-balances and risk/return profile of its parent."