Six fixed-income funds renamed
TORONTO, July 29, 2016 /CNW/ - Invesco today
announced that it has reduced the risk rating on four of its mutual
funds. The updated risk ratings, which are effective immediately,
provide investors with a more accurate description of the risk
profile they can expect.
The following table illustrates the reductions:
Fund
|
2015
rating
|
2016
rating
|
PowerShares Canadian Low Volatility Index
Class
|
Medium
|
Low to
Medium
|
PowerShares Canadian Preferred Share Index
Class
|
Medium
|
Low to
Medium
|
PowerShares Monthly Income
Fund
|
Low to
Medium
|
Low
|
Trimark Emerging Markets
Class
|
High
|
Medium to
High
|
In November, the Toronto-based
Fixed-Income team of Jennifer
Hartviksen, Albert Ngo,
Alexander Schwiersch and
Isam Walji were integrated into the
global Invesco Fixed Income (IFI) team.
To reflect the Toronto team's
integration into IFI, Invesco has renamed six funds managed by the
team, effective today. These changes are as follows:
Previous
name
|
New
name
|
Trimark Advantage Bond
Fund
|
Invesco Advantage Bond
Fund
|
Trimark Canadian Bond
Fund
|
Invesco Canadian Bond
Fund
|
Trimark Canadian Bond
Class
|
Invesco Canadian Bond
Class
|
Trimark Floating Rate Income
Fund
|
Invesco Floating Rate Income
Fund
|
Trimark Global High Yield Bond
Fund
|
Invesco Global High Yield Bond
Fund
|
Trimark Short-Term Income
Fund
|
Invesco Short-Term Bond
Fund
|
There are no changes to the investment objectives or strategies
of any of the affected funds.
IFI will now manage the following money market funds and
fixed-income funds, as well as for the fixed-income portion of the
following balanced funds:
Money market funds
Invesco Canada Money Market
Fund
Invesco Short-Term Income Class
Trimark Interest Fund
Trimark U.S. Money Market Fund
Fixed-income funds
Invesco Advantage Bond Fund
(formerly Trimark Advantage Bond Fund)
Invesco Canadian Bond Fund (formerly Trimark Canadian Bond
Fund)
Invesco Canadian Bond Class (formerly Trimark Canadian Bond
Class)
Invesco Emerging Markets Debt Fund
Invesco Floating Rate Income Fund (formerly Trimark Floating Rate
Income Fund)
Invesco Global Bond Fund
Invesco Global High Yield Bond Fund (formerly Trimark Global High
Yield Bond Fund)
Invesco Short-Term Bond Fund (formerly Trimark Short-Term Income
Fund)
Balanced funds
Invesco Canadian Balanced Fund
Invesco Core Canadian Balanced Class
Trimark Diversified Yield Class
Trimark Global Balanced Fund
Trimark Global Balanced Class
Trimark Global Diversified Income Fund
Trimark Income Growth Fund
Trimark Select Balanced Fund
Invesco Rebalancing Service
Invesco Allocation Fund
Cash management
Canadian Dollar Cash Management Fund
U.S. Dollar Cash Management Fund
Invesco Advisers, Inc. of Atlanta,
Georgia, and Invesco Asset Management Limited, of
London, U.K., are now listed as
sub-advisors for these funds, alongside Invesco Canada. Individuals
from these three entities work together as part of IFI, and manage
these funds or portions of these funds
together.
IFI's research team covers the world, with portfolio managers
who take a truly active approach to money management. Their broad
market coverage and specialized expertise helps anticipate and
monitor significant events on a global scale, offering local
insights that are shared across their platform.
The team consists of 167 investment professionals located in 10
key markets, and manages US$247.2
billion in assets.†
For more information, please visit invesco.ca. You can
also connect with Invesco on Twitter (@InvescoCanada), LinkedIn,
Facebook or through the Invesco Canada blog.
† Source: Invesco, as at June
30, 2016.
About Invesco
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.
Trimark®, Knowing pays® and all associated
trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2016
SOURCE Invesco Canada Ltd.