TORONTO, Oct. 1, 2015 /CNW/ - The financial services sector is evolving rapidly. The shift to fee-based investing is well underway, and the regulatory environment is constantly changing. Amid these waves of change, the investment fund industry has largely stood still – until now.
Today, Invesco Canada introduced Platform Traded Funds (PTF), which use an entirely new process for delivering Invesco's money management expertise. PTFs 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.
"We deconstructed the delivery of active money management to create a process that is far more efficient," says Peter Intraligi, President of Invesco Canada. "But this isn't just about lower cost; we've solved a number of challenges that are unique to fee-based investing. It took significant research and development, along with the support of industry stakeholders, to get to where we are today. It's a real breakthrough."
Fee-based advisors place orders for PTFs through their equity-trading platforms as they would an ETF or stock, simply using the PTF ticker. There are no minimum investment requirements and orders are filled using end-of-day net asset value (NAV), avoiding bid-ask spreads. Since PTFs transact on an equity-trading platform, features like bulk trading are also available.
PTFs are currently available exclusively through dealers that have signed an agreement with Invesco Canada. As more dealers sign on in the coming quarters, the availability of PTFs will broaden.
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 FundsTM, 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.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]