Lowers risk rating on Invesco Global Bond Fund in Canada
TORONTO, July 28, 2017 /CNW/ - Invesco Canada ("Invesco") today announced modifications to its lineup of mutual funds. Invesco regularly conducts reviews of its products to ensure they continue to meet the evolving needs of advisors and investors. The following changes will be made in the final filing of Invesco's simplified prospectus.
Investment strategy update
The investment strategy of Trimark Global Balanced Fund/Class will be amended to provide the portfolio management team the flexibility to invest in underlying fixed-income funds, in addition to direct securities for the fixed-income sleeve of the strategy.
The change is expected to result in increased trading efficiency, as the portfolio management team can execute adjustments to the Funds without buying or selling the underlying securities in smaller quantities.
Fund name change
The name of Invesco Intactive Strategic Yield Portfolio will be changed to Invesco Strategic Yield Fund. As an income-oriented investment, the Fund's name is being changed to highlight the Fund's focus on yield.
Lower risk rating
Invesco has adjusted the risk rating for Invesco Global Bond Fund in Canada from "Low to Medium" to "Low." The new rating on the Fund better reflects its volatility.
About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; 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 Invesco Canada Ltd.
Invesco is a registered business name of Invesco Canada Ltd. 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.
© Invesco Canada Ltd., 2017
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, firstname.lastname@example.org