Invesco introduces three new PowerShares® Funds for Canadian investors
TORONTO, Sept. 7 /CNW/ - Invesco today announces the launch of three additional PowerShares® Funds that will provide investors with tax-efficient fixed-income investments or diversified asset allocation strategies.
"Once again we've been able to draw upon the global strength and investment capabilities of Invesco to offer Canadian financial advisors and their clients compelling products that can meet their evolving needs," says Jamie Kingston, Senior Vice President of Product Management and Development at Invesco Trimark, a subsidiary of Invesco. "Our newest PowerShares® Funds leverage Invesco's asset allocation expertise, enabling us to offer a diversified asset allocation solution, as well as innovative and tax-efficient fixed-income solutions, all at a low cost† for investors."
Invesco's Global Asset Allocation team (part of Invesco Advisers, Inc.) is the manager of the strategic and tactical asset allocation for these new Funds. The seven-member team combines over 100 years of investment expertise and manages more than US$8 billion (as at June 30, 2010), largely for sophisticated institutional investors.
As a strong complement to actively managed investment solutions, PowerShares® Funds, some of which are based on next-generation indices, offer investors access to core fixed-income and equity mandates as well as to global regions and niche sectors that may be difficult or cost prohibitive for the typical investor to access.
The following three investment solutions now join the PowerShares® Funds lineup:
- PowerShares Tactical Canadian Asset Allocation Fund
Invests in a portfolio of PowerShares® Funds and ETFs to provide access to Canadian equities, bonds and preferred shares. The Fund also combines strategic and tactical asset allocation strategies to optimize the portfolio for different economic environments
- PowerShares Tactical Bond Fund
Invests in a portfolio of PowerShares® Funds and ETFs that hold government, corporate and real return bonds. For registered accounts only
- PowerShares Tactical Bond Capital Yield Class
A tax-efficient fixed-income solution that seeks to provide returns similar to
those of PowerShares Tactical Bond Fund (before fees and expenses). Most appropriate for non-registered accounts
† Based on Invesco Trimark's analysis of the category median MERs, as at July 31, 2010.
For more information and a list of all 20 PowerShares® Funds, please visit powersharesrevolution.ca.
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 prospectus before investing. Copies are available from your advisor or from Invesco Trimark Ltd.
PowerShares Tactical Bond Fund and PowerShares Tactical Canadian Asset Allocation Fund may invest up to 10% of net assets in gold, silver, derivatives with an underlying interest in gold or silver, and exchange-traded funds that invest, directly or indirectly, in gold or silver. Both funds are seeking relief from the Canadian securities regulatory authorities to increase this limit to 20%.
Shares or units of the PowerShares® Funds and shares of the underlying Invesco PowerShares ETFs are not in any way sponsored, endorsed, sold or promoted by any of the PowerShares Funds' or Invesco PowerShares ETFs' underlying index providers or their affiliates, and these companies make no representation or warranty, express or implied, as to the results to be obtained from the use of the index. None of these companies are affiliated with Invesco Trimark Ltd., Invesco PowerShares Capital Management LLC or Invesco Advisers, Inc., nor any of their affiliates. Products are not sponsored, endorsed, sold or promoted by any of the index providers, and the index providers make no representation regarding the advisability of investing in these Funds. PowerShares ETFs are listed for trading on stock exchanges in the United States and other jurisdictions outside of Canada. No prospectus has been filed to qualify securities of such issuers for public offering or distribution in Canada. Any reference to PowerShares ETFs is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy securities of such issuers. This piece is not produced by Invesco PowerShares Capital Management LLC. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC. Invesco PowerShares Capital Management LLC and Invesco Advisers, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco Trimark Ltd. is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Trimark, offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. With approximately US$557 billion* in assets under administration, Invesco Ltd. is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
*As at June 30, 2010
For further information:
Stephen Lee
AVP, Communications
Tel: 416.324.7668
[email protected]
Aysha Mawani
Vice President, Corporate Affairs
Tel: 647.338.2947
[email protected]
Share this article