Brings together mutual funds and intelligent exchange-traded funds for
TORONTO, June 2 /CNW/ - Today marks the launch of Invesco Trimark
Retirement Payout Portfolios, an innovative retirement income solution from
AIM Trimark Investments that combines proven Trimark, AIM and Invesco mutual
funds with PowerShares intelligent exchange-traded funds (ETFs)(1) for
"Recognizing the demand in the marketplace for investments that satisfy
the specific needs of retirees, we designed Retirement Payout Portfolios to
also provide active risk management in two distinct ways," says John
Ciampaglia, Vice President of Product Development. "First, the Portfolios
follow a built-in 'GlidePath' asset allocation strategy that becomes gradually
more conservative over time. Plus, they offer investors the rich benefits of
global investing with the added comfort and protection of currency hedging."
Investors can choose from four Portfolio horizon dates - year 2023, 2028,
2033 or 2038 - and have the option of receiving regular, tax-efficient monthly
cash flow from their investment.
"Retirement Payout Portfolios are another example of how AIM Trimark has
drawn on the strength of Invesco investment centres worldwide to bring
enduring investment solutions to Canadians," says Peter Intraligi, AIM
Trimark's President and Chief Operating Officer.
The Portfolios hold a selection of PowerShares intelligent ETFs, a new
generation of industry-leading exchange-traded funds. Unlike their traditional
counterparts, PowerShares ETFs track non-capitalization-weighted indices
constructed using such variables as a company's fundamental factors or history
of increasing dividends.
Retirement Payout Portfolios have competitive management and advisory
fees that decrease as the Portfolios approach their horizon dates and move to
fixed-income funds, money market investments and/or short-term debt
securities. Investors can purchase the Portfolios with an initial minimum
investment of $25,000.
AIM Trimark is pleased to offer a Private Investor series with additional
management fee reductions for accounts over $100,000. Investments in excess of
$500,000 receive an incremental management fee rebate.
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 from AIM Trimark Investments.
AIM Trimark Investments is one of Canada's largest investment management
companies, with approximately C$42 billion(*) in assets under management. A
subsidiary of Invesco Ltd., which is among the world's largest independent
global investment managers, AIM Trimark offers a diversified suite of
investment solutions to institutions, organizations, companies and individual
investors across Canada and around the world. Invesco Ltd. has approximately
US$481 billion(*) in assets under management and is listed on the New York Stock
Exchange with the symbol "IVZ." Invesco Ltd. has over 5,300 employees and
operates in 20 countries worldwide.
PowerShares ETFs are listed for trading on stock exchanges in the United
States and other jurisdictions outside of Canada. No prospectus has been filed
to qualify securities of such issuers for public offering or distribution in
Canada. Any reference to PowerShares ETFs is for informational purposes only
and shall not constitute an offer to sell or the solicitation of an offer to
buy securities of such issuers.
PowerShares(R) is a registered trademark of Invesco PowerShares Capital
Management LLC. Invesco PowerShares Capital Management LLC., Invesco Aim
Distributors, Inc. and Invesco Institutional (N.A.), Inc. are indirect, wholly
owned subsidiaries of Invesco Ltd.
Invesco Aim Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Trust I, PowerShares Exchange-Traded Trust II, PowerShares
India Exchange-Traded Trust and the PowerShares Actively Managed
Exchange-Traded Fund Trust.
(1)The PowerShares ETFs are non-diversified and may be concentrated in a
single industry, which involves substantially greater risk of loss and price
fluctuations than an investment diversified across multiple industries or
There are risks involved with investing in ETFs, including possible loss
of money. Index-based ETFs are not actively managed. Actively managed ETFs do
not necessarily seek to replicate the performance of a specified index. Both
index-based and actively managed ETFs are subject to risk similar to stocks,
including those related to short selling and margin maintenance.
Shares are not individually redeemable and owners of the Shares may
acquire those Shares from the Fund and tender those Shares for redemption to
the Fund in Creation Unit aggregations only, typically consisting of 100,000
Shares are not FDIC insured, may lose value and have no bank guarantee.
(*)As at April 30, 2008
For further information:
For further information: Aysha Mawani, Vice President, Public Relations,
Tel: (416) 324-7712, email@example.com