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Invesco Canada announces fund changes
TORONTO , Oct. 31 , 2024 /CNW/ -- Invesco Canada Ltd. ("Invesco") today announced changes to two mutual funds. The proposed changes intend to enhance each fund by increasing diversification and providing the potential for better risk-adjusted returns.
Effective on or about November 5, 2024 , Invesco Active Multi-Sector Credit Fund will change its investment strategy, and the fund name will change to "Invesco Unconstrained Bond Fund." Matthew Brill will join existing managers Michael Hyman and Todd Schomberg on the portfolio management team. Ken Hill , Niklas Nordenfelt , and Jason Trujillo will be removed as portfolio managers.
Additionally, effective on or about January 31, 2025 , the firm proposes to change the investment objectives of Invesco Balanced-Risk Allocation Pool. This change is subject to investor approval and an investor meeting will be held on or about January 28, 2025 .
Further details surrounding the investment objectives change will be included in a management information circular, which will be available online, and a Notice and Access letter expected to be mailed in December 2024 to investors of record as of December 10, 2024 .
If the investment objectives change is approved by investors, the fund's name will change to "Invesco Managed Futures Fund", the investment strategies will be updated to align with the new investment objectives, the Series F unit management and advisory fee will be reduced from 1.00% to 0.85% and the risk rating will be change from "low-to-medium" to "medium."
About Invesco Ltd.
Invesco Ltd. 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 more than 20 countries, Invesco managed US$1.8 trillion in assets on behalf of clients worldwide as of September 30, 2024 . For more information, visit 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 from Invesco Canada Ltd.
Commissions, trailing commissions, management fees, and expenses may all be associated with pooled fund investments. Pooled funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Portfolio managers are part of Invesco Advisers Inc, which is an affiliate of Invesco Canada Ltd. and the subadvisor of the fund. Invesco Advisers, Inc. and Invesco Canada Ltd. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco is a registered business name of Invesco Canada Ltd. Invesco Canada Ltd. is an indirect, wholly owned subsidiary of Invesco Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2024
Contact: Matthew Chisummatthew.chisum@invesco.com 212.652.4368
SOURCE Invesco Ltd.
