TORONTO, May 21 /CNW/ - Invesco Trimark today announces that starting on or about August 11, 2010, the Dialogue Portfolios will commence using derivatives primarily for currency-hedging purposes. Initially, the Dialogue Portfolios will hedge approximately half of the currency exposure from securities of their underlying funds denominated in foreign currencies. This enhancement will seek to provide investors with reduced exposure on the hedged portion of the Portfolio to foreign currency exchange rate fluctuations relative to the Canadian dollar, with the potential for greater risk-adjusted returns.
The currency hedging will be sub-advised by Invesco Asset Management Ltd, a subsidiary of Invesco. This team currently provides hedging for the Invesco Trimark Retirement Payout Portfolios, three Invesco Trimark currency-neutral Private Pools and the currency-hedged Series H of certain Invesco Trimark funds.
"This enhancement to the Portfolios represents just one of the many ways Invesco Trimark is able to draw on the expertise of Invesco's global investment management capabilities to benefit Canadian investors," said Jamie Kingston, SVP Product Management and Development. "Financial advisors from across Canada have expressed to us their desire to mitigate foreign currency risk for their clients, particularly in fund-of-fund solutions. We're listening."
Each Portfolio will continue to be managed with a fund-of-fund approach and remain within the broad asset allocations as disclosed in the Simplified Prospectus. The following portfolios will receive these enhancements:
Invesco Trimark Dialogue Income Portfolio
Invesco Trimark Dialogue Income with Growth Portfolio
Invesco Trimark Dialogue Growth with Income Portfolio
Invesco Trimark Dialogue Growth Portfolio
Invesco Trimark Dialogue Long-Term Growth Portfolio
For more information, please visit www.invescotrimark.com.
The Dialogue Portfolios are Invesco Trimark mutual funds that invest in a portfolio of underlying Invesco Trimark mutual funds using an asset allocation strategy. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The Dialogue Portfolios are part of our Dialogue Wealth Management program. This program is designed to assist you in managing your portfolio. You and your advisor are solely responsible for determining whether this program or any other investment, security, strategy, product or program is appropriate or suitable for you based on your investment objectives and personal and financial situation. Invesco Trimark Ltd. is not responsible in any manner for direct, indirect, special or consequential damages, however caused, arising out of the use of this program.
Invesco Trimark Ltd. is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Trimark, offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. With approximately US$419.6 billion* in assets under administration, Invesco Ltd. is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
*As at March 31, 2010
SOURCE INVESCO TRIMARK LTD.
For further information: For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: (416) 324-7712, email@example.com