Invesco Canada announces changes to enhance its mutual fund product line

TORONTO, Feb. 19, 2021 /CNW/ -- Invesco Canada Ltd. ("Invesco") today announced proposed changes to its mutual fund product line. Subject to applicable approvals, the firm proposes to change the investment objectives for three funds. Invesco is also proposing to change the investment strategies, portfolio management team and fund names of two other funds.

Invesco regularly conducts an extensive review of its products to ensure they continue to meet the evolving needs of advisors and investors; and is making these changes to offer an enhanced lineup that better meets investor demand and expectations.

Proposed investment objective and fund names changes

Subject to investor approval, the firm proposes to change the investment objectives of Invesco Global Endeavour Fund, Invesco Global Endeavour Class and Invesco Global Small Companies Class. These changes are subject to investor approval and investor meetings will be held virtually on or about April 22, 2021. If approved, the investment objectives changes, investment strategies changes and name changes will be implemented on or about open of market on May 3, 2021.

The proposed changes for Invesco Global Endeavour Fund and Invesco Global Endeavour Class are as follows:

The proposed change is being proposed as the portfolio management team believes a more unconstrained approach will allow them to seek more attractive opportunities across the market cap spectrum regardless of a company's size. The proposed change is also expected to better align the Fund's portfolio with the investment team's philosophy and processes.

The proposed changes for Invesco Global Small Companies Class are as follows:

The proposed change is being proposed as the portfolio management team believes that the opportunity for potential excess returns is greater with a larger opportunity set within both the small-cap and mid-cap space, rather than just within the small-cap space alone. The proposed change is also expected to better align the Fund's portfolio with the investment team's philosophy and processes.

Further details on the proposed investment objectives changes will be included in a management information circular which will be available online and a Notice-and-Access Document will be mailed in March 2021 to investors of record as of March 4, 2021.

Planned investment strategies, portfolio management team and fund name changes

Effective on or about March 1, 2021, Invesco Global Diversified Companies Fund and Invesco Global Diversified Companies Class will change their investment strategies, change their names to Invesco Global Select Equity Fund and Invesco Global Select Equity Class, respectively, and change the portfolio management team as follows:

The changes to the funds are being planned to enhance portfolio construction, align investor demand with investment capabilities and allow for more robust risk management capabilities.

Please contact Invesco at 1.800.874.6275. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.

About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) 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$1.35 trillion in assets on behalf of clients worldwide as of December 31, 2020. For more information, visit 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.

Invesco is a registered business name of Invesco Canada Ltd.

Invesco^® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.

© Invesco Canada Ltd., 2021

¹ Matt Peden, Senior Portfolio Manager will take on the role of Lead Portfolio Manager for the fund. Matt Peden is part of Invesco Advisers, Inc., Invesco Canada Ltd. has entered into a sub-advisory agreement with Invesco Advisers Inc. to manage certain Invesco funds.
² Jeff Feng, Senior Portfolio Manager, of Invesco Hong Kong Limited, will remain as Co-manager. Invesco Canada has entered into a sub-advisory agreement with Invesco Hong Kong Limited to manage certain Invesco funds. As a result of this change, Invesco Advisers, Inc. and Invesco Hong Kong Limited will become solely responsible for investment advice to the funds.

Contact: Matthew Chisum, Invesco Media Relations 212.652.4368  

SOURCE Invesco Ltd.