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.