TORONTO, Nov. 15, 2013 /CNW/ - Invesco Canada Ltd. ("Invesco") today announced the expansion of its Private Investor series ("Series P"), offering more choices and greater tax-efficiency for advisors and investors.
With the addition of eight funds, Series P is now available on 35 Invesco funds, spanning 90 series, including Invesco's highly customizable T-FLEX series for investors seeking a tax-preferred income stream.
Series P provides the benefit of reduced fees across a broad range of Invesco products, including mutual funds, managed portfolios and tax-efficient corporate class products.
"At Invesco, we know that one of the keys to building wealth is having more of your money working for you," said Jamie Kingston, Senior Vice President, Product Management and Development, Invesco Canada. "That's why we are expanding the number of funds that offer Series P to provide added choice for advisors and their investors."
Series P is reserved exclusively for investors with at least $100,000 household assets invested in Invesco funds. This threshold is within reach for many families, as investors may link their personal accounts with those held by their spouse or family members residing at the same address.
For example, Robert and Mary each have an RRSP with assets of $40,000 and $45,000, respectively. They also have $15,000 in assets saved in RESPs for their two children, David and Sylvia.
By linking these accounts, the household reaches the $100,000 threshold to qualify for Series P pricing, assuming all assets are held in Invesco funds.
A household group may also include corporate accounts for which the investor or other members of the household beneficially own more than 50% of the voting equity.
Investors may also qualify for additional tiered management fee rebates on higher asset levels. These rebates may be reinvested or received in cash.
Series P is available for both commission-based and fee-based accounts.
Invesco Private Investor series consists of the following series: P, PF, PF4, PF6, PH, PT4, PT6 and PT8.
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 Invesco Canada Ltd.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Canada's singular focus is on investment management, offering a diversified suite of investment 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.
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. 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., 2013
SOURCE: Invesco Canada Ltd.
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