|By PR Newswire||
|November 28, 2012 03:33 PM EST||
TORONTO, Nov. 28, 2012 /CNW/ - Invesco Canada Ltd. today announced the reduction of effective management fees for two of its innovative PowerShares mutual funds.
The fee reductions on PowerShares FTSE RAFI® Emerging Markets Fundamental Class and PowerShares FTSE RAFI® Global+ Fundamental Fund (the "Affected Funds") were effective November 21, 2012 and result from reductions in the management fees of the underlying Invesco PowerShares exchange-traded funds (ETFs) held by of each of the Affected Funds.
The changes are as follows:
Effective Management Fee
|PowerShares FTSE RAFI® Emerging Markets Fundamental Class||A||1.05%||1.90%1||1.54%2|
PowerShares FTSE RAFI®
Global+ Fundamental Fund
1 The underlying Invesco PowerShares ETF's management fee prior to Nov.
21, 2012 was 0.85%, which was added to the management fee to arrive at
the prior effective management fee.
2 The underlying Invesco PowerShares ETF's management fee is currently 0.49%, which is added to the management fee to arrive at the new effective management fee.
3 The underlying Invesco PowerShares ETFs charge different management fees. Based on their target allocations, their blended management fee prior to Nov. 21, 2012 was 0.63%, which was added to the management fee to arrive at the prior effective management fee.
4 The underlying Invesco PowerShares ETFs charge different management fees. Based on their target allocations, their blended management fee is currently 0.39%, which is added to the management fee to arrive at the new effective management fee.
About Invesco Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's largest investment management companies. A subsidiary of Invesco Ltd., Invesco Canada offers a diversified suite of investment solutions to institutions, organizations, companies and individual investors across Canada and around the world. Invesco Ltd. is a leading independent global investment management firm dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high-net-worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at 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. at www.powershares.ca.
FTSE is a trademark jointly owned by the London Stock Exchange PLC and The Financial Times Limited and is used by FTSE International Limited under licence. The FTSE RAFI® Index Series is calculated by FTSE International Limited ("FTSE") in conjunction with Research Affiliates LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it, and do not accept any liability in relation to its issue, operation and trading. All intellectual property rights in the index values and constituent list vest in FTSE. Fundamental Index® and RAFI® trade names and patent concept are the exclusive property of Research Affiliates®, LLC. Fundamental Index® and RAFI® trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC. US Patent Number 7,620,577. Patent pending: US-2005-0171884-A1, US-2006-0149645-A1, US-2007-0055598-A1. Invesco Canada Ltd. has obtained full licence from FTSE to use such intellectual property rights in the creation of this product.
This piece was produced by 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. PowerShares®, Leading the Intelligent ETF Revolution®, and all associated trademarks are trademarks of Invesco PowerShares Capital Management, LLC (Invesco PowerShares), used under licence.
© Invesco Canada Ltd., 2012
SOURCE Invesco Canada Ltd.
- "All It Took Was One E-Mail to Larry," Says Former eBay Research Director As He Moves to Google
- Google Ramps Up Its Mobile Reach: Launches "Mobile Web Search"
- Ericsson + Napster = World's First "Wireless Digital Music" Brand
- VoIP Update: Yahoo! Buys DialPad
- Free Guest Passes for the SOA World Conference & Expo in NYC
- SYS-CON i-Technology Podcast August 30, 2005
- A Flair for Food - Health-Conscious Cooking Is This Chef's Cup Of Tea
- Sony PSP May Feature Porn
- Kapow Helps Seiko UK, Provides SMS Text-Alert Services
- Will the Mac OS Now Be Offered by Dell?