TORONTO, Feb. 23, 2012 /CNW/ - Invesco Canada today announced portfolio
management and investment strategy updates to Invesco Core Canadian
Equity Class. In addition, the Fund will be renamed Trimark Canadian
Effective April 2, 2012, the portfolio management will transition from a
multi-manager team to a single management team. Alan Mannik will assume
lead manager responsibilities for the Fund, with Ian Hardacre and Jason
Whiting as co-managers. Using the proven Trimark discipline of applying
a rigorous bottom-up fundamental investment approach to analyze the
quality and value of individual companies, the Fund will have at least
90% of non-cash assets invested in Canadian securities with the
remainder to be invested outside of Canada.
The portfolio management team will seek out companies whose competitive
advantages provide the prospects for long-term growth, that have strong
management, and that are believed to be undervalued in relation to
their intrinsic value.
Specializing in Canadian equities, Mr. Mannik is the co-manager for
Trimark Canadian Fund/Class, Trimark Select Balanced Fund and Trimark
North American Endeavour Class. He began his investment career in 2003
at Scotia Merchant Capital. Mr. Mannik earned HBA and MBA degrees from
the Richard Ivey School of Business at the University of Western
Ontario. He also holds the Chartered Financial Analyst designation.
With over 20 years of industry experience, Mr. Hardacre is the Head of
Canadian Equities for Trimark, lead portfolio manager for Trimark
Canadian Fund/Class and Trimark Select Balanced Fund, and co-manager
for Trimark North American Endeavour Class.
Mr. Hardacre earned an MBA and a B.Comm. from McMaster University, and
he holds the Chartered Financial Analyst designation.
Mr. Whiting is the lead manager for Trimark North American Endeavour
Class and Trimark Canadian Small Companies Fund, and co-manager for
Trimark Canadian Fund/Class, Trimark Select Balanced Fund, Trimark U.S.
Small Companies Class and Trimark Global Small Companies Class. He
began his investment career in 2000. Mr. Whiting earned a BBA (Hons.)
from Wilfrid Laurier University, and he holds the Chartered Financial
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. Mutual funds are not
guaranteed, their values change frequently and past performance may not
be repeated. Please read the prospectus before investing. Copies are
available from your advisor or Invesco Canada Ltd.
A subsidiary of Invesco Ltd., Invesco Canada offers a diversified suite
of investment solutions to institutions, organizations, companies and
individual investors across Canada and around the world. Invesco Ltd.
is a leading independent global investment management firm, dedicated
to helping investors worldwide achieve their financial objectives. By
delivering the combined power of our distinctive investment management
capabilities, Invesco provides a wide range of investment strategies
and vehicles to our retail, institutional and high net worth clients
around the world. Operating in more than 20 countries, the firm is
listed on the New York Stock Exchange under the symbol IVZ. Additional
information is available at www.invesco.com.
Invesco and all associated trademarks are trademarks of Invesco Holding
Company Limited, used under licence. Trimark and all associated
trademarks are trademarks of Invesco Canada Ltd.
SOURCE Invesco Canada Ltd.
For further information:
Vice President, Corporate Affairs