Recognizes innovative Platform Traded FundsTM (PTFTM)
TORONTO, Nov. 26, 2015 /CNW/ - Invesco Canada ("Invesco") is pleased to accept the Morningstar Canada Award for Best Use of Technology. The award, which recognizes the innovation behind Invesco's Platform Traded Funds (PTFs), was announced last night at the 2015 Morningstar Awards gala in Toronto.
PTFs offer an entirely new process for delivering active money management. PTFs are designed exclusively for fee-based investors who work with either discretionary or non-discretionary advisors.
"I am immensely proud of what the Invesco team has achieved in developing PTFs," says Peter Intraligi, President of Invesco Canada. "This award is a testament to their many months of hard work and relentless focus on delivering a superior investment experience for our clients."
The patent-pending technology behind PTFs is currently the only method for an advisor to place orders for a traditional actively managed mutual fund through their equity-trading platform.
Fee-based advisors place orders for PTFs through their equity-trading platforms as they would an ETF or stock, simply using the PTF ticker symbol. There are no minimum investment requirements and orders are filled using end-of-day net asset value (NAV), avoiding bid-ask spreads. Since PTFs transact on an equity-trading platform, features like bulk trading are also available for discretionary advisors.
This trading system creates significant efficiencies, and materially reduces the cost of investing for the end investor.
"In developing PTFs, we deconstructed the delivery of active money management to create a process that is far more efficient," says Intraligi. "This isn't just about lower cost; we've solved a number of challenges that are unique to fee-based investing. It's a real breakthrough."
For more information, please visit www.invesco.ca. You can also connect with Invesco Canada on Twitter (@InvescoCanada), LinkedIn or Facebook, and get insights from the Trimark portfolio managers on the Trimark Investments blog.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's leading investment management companies. A subsidiary of Invesco Ltd., Invesco Canada's singular focus is on investment management, offering a diversified suite of solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
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 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.
About Morningstar Research, Inc. and Morningstar, Inc.
Morningstar Research, Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than US$170 billion in assets under advisement and management as of Sept. 30, 2015. The company has operations in 27 countries.
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 simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
* Invesco®, Platform Traded FundTM, PTFTM and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution®, and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC (Invesco PowerShares), used under licence. Trimark®, Knowing pays® and all associated trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2015
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, firstname.lastname@example.org