Six new Platform Traded Funds™; Invesco Private Wealth expanded
TORONTO, Oct. 30, 2015 /CNW/ - In response to investor appetite for low-cost, active asset management, Invesco Canada ("Invesco") will launch six additional offerings through its innovative Platform Traded Fund (PTFTM) structure and make other changes to its investment suite.
New additions to the PTF suite include:
PTF |
Ticker symbol (C$) |
Ticker symbol (US$) |
Management fee (%) |
Trimark Advantage Bond |
ITAB |
- |
0.65 |
Invesco Canadian Premier Growth† |
IVCP |
- |
0.55 |
Trimark Canadian Endeavour |
ITCE |
- |
0.55 |
Invesco Global Growth† |
IVGG |
IVGG.U |
0.70 |
Trimark Global Fundamental Equity† |
IVGE |
- |
0.70 |
Trimark International Companies† |
ITIC |
- |
0.70 |
With these additions, Invesco will offer 28 investment mandates through the PTF structure.
First announced on October 1, 2015, PTFs employ an entirely new process for delivering Invesco's money management expertise and are exclusively designed for fee-based investors who work with either discretionary or non-discretionary advisors.
PTFs are unique in that they transact and settle just like listed securities or exchange-traded funds (ETFs), using a streamlined process that eliminates unnecessary layers of cost. Investors benefit by having access to active management at a price comparable to that paid by institutional investors.
Invesco Private Wealth
The company also announced the addition of Trimark Canadian Opportunity Class to the Invesco Private Wealth program, through the launch of Series P and PF.
Series P is a dedicated series for advised households with a minimum of $100,000 in aggregate assets invested in Invesco Canada funds. The benefits of Series P include reduced fees, potential for reduced expenses and its availability across a broad range of Invesco Canada products. Investors may also qualify for additional management-fee reductions or rebates for higher investment amounts.
New T-FLEX series options
In addition, Invesco's T-FLEX series for fee-based accounts will be expanded to provide investors with more options to receive a regular monthly income stream. New additions to T-FLEX series include Invesco Intactive Diversified Income Portfolio Class and Invesco Intactive Balanced Income Portfolio Class, with the launch of Series F4, F6, PF4 and PF6 for each.
Fund name change
Additionally, PowerShares Diversified Yield Fund will be renamed PowerShares Monthly Income Fund, reflecting the monthly income distribution frequency across all series. The investment objectives and strategies of the Fund will not change.
All of the above changes are effective November 26, 2015.
† Available in Invesco Corporate Class Inc.
For more information, please visit www.invesco.ca. You can also connect with Invesco Canada on Twitter (@InvescoCanada), LinkedIn or Facebook, and get insights from the Trimark portfolio managers on the Trimark Investments blog.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's leading investment management companies. A subsidiary of Invesco Ltd., Invesco Canada's singular focus is on investment management, offering a diversified suite of solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm 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 Invesco Canada Ltd.
Invesco®, Platform Traded FundTM, PTFTM and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution® and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC (Invesco PowerShares), used under licence. Trimark®, Knowing pays® and all associated trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2015
SOURCE Invesco Canada Ltd.
Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]
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