TORONTO, Oct. 13 /CNW/ - Responding to the changing needs of Canadian investors, Invesco Trimark today announces the launch of currency-hedged versions on its most popular global equity, U.S. equity and global balanced funds.
The new currency-hedged series - Series H - is ideal for investors who want to invest outside of Canada but have a lower tolerance for exchange rate risk and/or have an investment horizon that doesn't provide the opportunity to wait out currency movements. Series H provides investors with a degree of certainty as its foreign currency exposure will be substantially hedged at all times. It also helps to reduce volatility and gives investors and their advisors the flexibility to build a portfolio with a level of foreign currency exposure appropriate to them. Series H is available on a number of corporate class funds that allow for switching between Series A and Series H on a tax-deferred basis.
"By capitalizing on the strength and depth of Invesco's worldwide investment capabilities, we're able to offer Series H at no additional management fee for the currency hedging," says Peter Intraligi, President of Invesco Trimark. "With the heightened volatility experienced in currency markets over the past couple of years, we believe investors and their advisors should have greater choice and flexibility to manage currency risk in their portfolios."
Series H is now available on the following funds or classes:
AIM Global Balanced Fund
AIM Global Growth Class
Trimark Global Balanced Fund and Class
Trimark Global Endeavour Fund and Class
Trimark Select Growth Fund and Class
Trimark U.S. Companies Fund and Class
Series H complements Invesco Trimark's existing currency-neutral lineup, including Retirement Payout Portfolios and select Private Pools.
Invesco Trimark Ltd. is one of Canada's largest investment management companies, with approximately C$29 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 August 31, 2009
SOURCE INVESCO TRIMARK LTD.
For further information: For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: (416) 324-7712, firstname.lastname@example.org