"The changes announced today will help us better deliver strong, repeatable investment outcomes and meet client needs in the important Canadian market," said
"Invesco is highly committed to continuing to build our business in
"Invesco is enhancing the range of strategies we offer institutional investors in
The steps Invesco announced today will position the firm to:
- Advance our growth as a world-class global investment manager, supporting improved risk management and strong investment results;
- Address overlap in portfolio management capabilities to help mitigate confusion in the marketplace and create scale within investment teams for the benefit of our clients and our business;
- Provide further enhancements to our ESG (environmental, social, governance) capabilities and expand our solutions offerings, consulting programs and thought leadership; and
- Better promote the investment strategies of our strong-performing
Toronto -based global, international and emerging markets equity teams to investors outside of the Canadian marketplace.
As a result of these changes, Invesco is announcing that effective immediately,
Funds | Sub-Advisor Managers Appointed* |
Invesco Global Balanced Class (equity portion) Invesco Global Endeavour Class | Lead manager |
Invesco | Lead managers |
Invesco Global Small Companies Class | Lead managers |
Invesco | Lead managers |
Invesco Core Canadian Balanced Class (equity portion) | Lead managers |
*Portfolio managers are part of
To better demonstrate our aligned capabilities, the following fund name changes are being announced:
Previous | New | Effective Date |
Invesco Core Canadian Balanced Class | Invesco Canadian Premier Balanced Class | |
Invesco | Invesco Main Street |
In addition, the following funds will be terminated effective on or about
Terminating Funds | Effective Date |
As a result of the changes, a small number of investment professionals to the funds will be impacted. In addition to the changes set out above to the portfolio advisory teams,
These changes affect less than 0.5% of Invesco's global assets under management of
"The changes represent a small fraction of the total number of investment professionals and AUM at Invesco," added
- Further expand the range of ETFs and indexed product solutions offered within the Canadian marketplace, leveraging our capabilities as the fourth-largest ETF provider globally as of
August 31, 2020 (source: Morningstar); and - Expand the range of alternative capabilities offered in
Canada , leveraging our capabilities as the world's eighth-largest provider of alternatives as ofDecember 2019 (source: Invesco)."
About
Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed
Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.invesco.ca.
1 The EQV Team is the
Contact: Jeaneen Terrio 212.278.9205 Jeaneen.Terrio@invesco.com
SOURCE
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