Invesco has added to its range of US sector strategies with the launch of a communications ETF.
The Invesco S&P Select Sector UCITS ETF is listed on the London Stock Exchange and has an ongoing charges figure of 0.14%.
Tracking the S&P Select Sector Capped 20% Communication Services index, the ETF will offer investors exposure to 26 stocks in the sector.
The new communication services sector is an extension of the telecommunication services sector aimed at capturing companies involved more widely in the communications space.
S&P are reclassifying companies from segments in technology and consumer discretionary such as Twitter, Netflix and Disney.
This is Invesco's eleventh US sector ETF available in Europe.
Chris Mellor (pictured), head of ETF equity product management, EMEA, at Invesco, commented: "Communication has changed dramatically in recent years, with digital technology providing easy and instant access for just about anything you want.
"The new sector is significant in terms of size and economic exposure, and the greater number of stocks enables us to create a diversified, investable fund to track its performance."
He added: "The old telecommunication services sector contained only three stocks, so you could not create a standalone fund for it and instead it was combined with the IT sector in our technology sector ETF.
"Plus, those companies are defensive in nature whereas the new, broader Communications sector will offer higher growth potential, albeit with higher risk, and give investors the opportunity to access more cyclical companies."
Last week, Invesco unveiled an emerging markets multi-factor ETF, offering investors with exposure to five factors; value, momentum, quality, low beta and size.
In February, the firm announced plans to drop subsidiary brand names Perpetual and PowerShares as it unifies the business under one global brand.