TORONTO, June 1 /CNW/ - Invesco Trimark Ltd. announced today that Norman
MacDonald has assumed lead portfolio management responsibilities for Trimark
Canadian Resources Fund, effective today.
Mr. MacDonald has been co-portfolio manager on the Fund since joining
Invesco Trimark in late 2008. Rory Ronan, who has been the lead portfolio
manager on Trimark Canadian Resources Fund since 2001, will focus on his lead
portfolio management responsibilities for Trimark Diversified Income Class,
Trimark Monthly Income Private Pool and Trimark Canadian Plus Dividend Class,
as well as his co-portfolio management responsibilities on Trimark Income
"I'm extremely confident in Norm's ability to continue to deliver the
strong long-term results the Fund has achieved under Rory's leadership," said
Graham Anderson, Invesco Trimark's Chief Investment Officer. "Norm firmly
adheres to the investment fundamentals that are the foundation of the proven
Trimark investment discipline, with a shared perspective of analyzing
companies and making investment decisions for the long term."
Mr. MacDonald has 13 years of investment experience in resources. He
previously held positions at Ontario Teachers' Pension Plan Board, Beutel
Goodman & Company Ltd. and Salida Capital Corp. He worked as a portfolio
manager at Salida Capital from 2005 to 2008 and was lead manager of an energy
fund that invested in both Canadian and international companies. From 1999 to
2005, he was a vice president, partner and portfolio manager at Beutel Goodman
& Co. Mr. MacDonald was part of a team managing various portfolios with a
value mandate for institutional and retail clients. Mr. MacDonald's primary
areas of coverage for the team were oil & gas, chemicals and industrials.
The investment objectives and strategies of Trimark Canadian Resources
Fund will remain the same.
Invesco Trimark Ltd. is one of Canada's largest investment management
companies, with approximately C$26.3 billion(*) in assets under management. 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. 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.
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 from Invesco Trimark Ltd.
(*) As at March 31, 2009
For further information:
For further information: Aysha Mawani, Vice President, Corporate
Affairs, Tel: (416) 324-7712, firstname.lastname@example.org