Invesco Canada updates PowerShares Monthly Income Fund investment strategy
15 Jan, 2018, 12:10 ET
Fund will be renamed Invesco Monthly Income ETF Portfolio
TORONTO, Jan. 15, 2018 /CNW/ - Invesco Canada today announced updates to the investment strategy of PowerShares Monthly Income Fund.
The changes will provide the management team, Invesco Global Solutions, with greater flexibility in the selection of underlying strategies and the ability to invest in exchange-traded funds (ETFs).
The goal of these changes is to create a more diversified portfolio that can provide the potential for lower volatility and higher risk-adjusted returns, while maintaining a focus on monthly income generation.
To better reflect the updated investment strategy, the Fund will be renamed Invesco Monthly Income ETF Portfolio.
The Fund's combination of high-yielding common equities and preferred shares, coupled with high-yield and corporate bonds, results in a balanced yield portfolio. The portfolio provides a diversified source of dividend and interest income along with growth potential from stock price increases.
All changes will be effective as of the close of business on January 19, 2018.
About the management team
The Invesco Global Solutions team is an independent team within Invesco with a long history of working with multiple investment teams.
The Invesco Global Solutions team focuses on evaluating capabilities across investment centres and vehicles, combining them in a broad range of global multi-asset products to help meet specific-client goals.
The team implements these strategies through open investment architecture to consistently seek diversification and higher risk-adjusted returns.
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. ("Invesco") 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® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares® and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC, used under licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]
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