Fund will be renamed Invesco Monthly Income
ETF Portfolio
TORONTO, Jan. 15, 2018 /CNW/ - Invesco Canada today
announced updates to the investment strategy of PowerShares Monthly
Income Fund.
The changes will provide the management team, Invesco Global
Solutions, with greater flexibility in the selection of underlying
strategies and the ability to invest in exchange-traded funds
(ETFs).
The goal of these changes is to create a more diversified
portfolio that can provide the potential for lower volatility and
higher risk-adjusted returns, while maintaining a focus on monthly
income generation.
To better reflect the updated investment strategy, the Fund will
be renamed Invesco Monthly Income ETF Portfolio.
The Fund's combination of high-yielding common equities and
preferred shares, coupled with high-yield and corporate bonds,
results in a balanced yield portfolio. The portfolio provides a
diversified source of dividend and interest income along with
growth potential from stock price increases.
All changes will be effective as of the close of business on
January 19, 2018.
About the management team
The Invesco Global Solutions
team is an independent team within Invesco with a long history of
working with multiple investment teams.
The Invesco Global Solutions team focuses on evaluating
capabilities across investment centres and vehicles, combining them
in a broad range of global multi-asset products to help meet
specific-client goals.
The team implements these strategies through open investment
architecture to consistently seek diversification and higher
risk-adjusted returns.
For more information, please visit invesco.ca. You can
also connect with Invesco on Twitter (@InvescoCanada), LinkedIn,
Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco Ltd. ("Invesco") is an
independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. NYSE:
IVZ; 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 Invesco Canada Ltd.
* Invesco® and all associated trademarks are
trademarks of Invesco Holding Company Limited, used under licence.
PowerShares® and all associated trademarks are
trademarks of Invesco PowerShares Capital Management LLC, used
under licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.