Invesco brings expertise of Meggan Walsh and Dividend Value team to Canada
Apr 10, 2017, 08:00 ET
#Megganknowsincome, 30-year income investing veteran
TORONTO, April 10, 2017 /CNW/ - The growing stream of Canadians entering retirement is driving the need for income investments. At the beginning of 2017, Canadians were retiring at an estimated rate of 5,000 per week. That's expected to rise to 8,000 per week by 2020.1
With near-record-low interest rates, the yields from traditional domestic income sources have made investing for steady income difficult. A prudent, global approach can help provide a higher level of income.
Today, Invesco Canada launched Invesco Global Dividend Income Fund and Invesco Global Monthly Income Fund, each of which will aim to pay a pre-set monthly distribution2 to provide investors with a predictable income stream.
Both funds provide Canadian investors access to the dividend-investing expertise of veteran portfolio manager Meggan Walsh and her team.
Ms. Walsh is a Senior Portfolio Manager and Head of the Dividend Value team for Invesco Advisers, Inc. (IAI) in Houston, where she and her team manage Invesco Diversified Dividend Fund and Invesco Dividend Income Fund for U.S. investors.3
She is the architect of IAI's diversified dividend investment process, which she established in 2002. Her professional investment experience includes more than 19 years as an equity manager, prior to which she managed fixed-income securities for more than 10 years.
"We're very excited to add Meggan to our roster of portfolio managers available to Canadians," said Jamie Kingston, Invesco's Head of Product Management and Investment Analysis for the Americas. "We believe investors will benefit from her 30 years of prudent income investing experience."
The funds launched today are both designed to help income-oriented investors achieve their goals.
Invesco Global Dividend Income Fund seeks to generate current income and long-term growth of capital. The Fund invests primarily in dividend-paying equity securities of companies located anywhere in the world.
The Fund seeks out companies with above-market and defensible dividend yields that can help investors earn income, preserve assets and build capital, while helping mitigate the inflation and interest-rate risks of a traditional bond portfolio.
Invesco Global Monthly Income Fund is a diversified global balanced portfolio with a target asset allocation of 60% equities and 40% fixed income. The Fund gains its equity exposure through an investment in the above-mentioned Invesco Global Dividend Income Fund.
The Fund's fixed-income portion provides access to high-quality global core bonds through Invesco Global Bond Fund, and higher-yielding fixed-income securities through Invesco Global High Yield Bond Fund.
These fixed-income mandates are managed by the Invesco Fixed Income (IFI)4 team, specifically Michael Hyman, Matthew Brill, Ray Uy, Sean Connery, Jennifer Hartviksen, Joe Portera and Scott Roberts. The allocation between Invesco Global Bond Fund and Invesco Global High Yield Bond Fund will be actively managed by the IFI strategy team.
By blending dividend-paying equities with fixed-income securities, the Fund represents a prudent, global approach to generating income for Canadian investors.
1 Source: Mercer Canada, "Retirement reboot: Mercer unveils Canadian retirement outlook for 2017," mercer.ca/en/newsroom/mercer-2017-retirement-outlook-fearless-forecast.html (January 18, 2017).
2 Invesco Global Dividend Income Fund and Invesco Global Monthly Income Fund aim to make regular monthly distributions based on a target distribution rate or an aggregate yearly dollar amount per unit. The rate may be based on a variety of factors, including the historical yield of the Funds and the expected future yields of the constituent holdings of the Funds over the short term. The rate will typically be reset at the beginning of each calendar year, but is subject to change at our discretion. The Funds may pay out return of capital distributions. The composition of the monthly distributions divided between income and amounts treated as return of capital may vary from month to month. Target distribution rates should not be confused with the rate of return or yield for either Invesco Global Dividend Income Fund or Invesco Global Monthly Income Fund.
3 Invesco Diversified Dividend Fund and Invesco Dividend Income Fund are domiciled in the United States and are not available in Canada.
4 Invesco Fixed Income (IFI) is a unit comprising Invesco Senior Secured Management, Inc. of New York, U.S.; Invesco Advisers, Inc. of Atlanta, U.S.; Invesco Asset Management Ltd. of London, U.K.; and Invesco Canada Ltd. of Toronto, Canada.
For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook or through the Invesco Canada blog.
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.
© Invesco Canada Ltd., 2017
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]
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