TORONTO, Nov. 5, 2018 /CNW/ - Invesco Canada today
proposed changes to Invesco S&P International Developed Low
Volatility Index ETF (ILV). The changes are subject to
securityholder approval and a securityholder meeting will be held
at Invesco's offices in Toronto on
or about January 15, 2019.
The current investment objectives of ILV are:
The ETF seeks to replicate, to the extent reasonably possible
and before fees and expenses, the performance of the S&P BMI
International Developed Low Volatility Index, or any successor
thereto. ILV invests, directly or indirectly, primarily in low
volatility equity securities of companies located in developed
markets, excluding the United States.
Invesco Canada is seeking securityholder approval to change the
investment objectives of ILV. If approved, ILV's investment
objectives would be changed to:
The ETF seeks to replicate, to the extent reasonably possible
and before fees and expenses, the performance of the S&P EPAC
ex-Korea Low Volatility Index, or any successor thereto, on an
unhedged basis, in the case of any unhedged units, or on a hedged
basis, in the case of any hedged units. ILV invests, directly or
indirectly, primarily in low volatility equity securities of
companies located in developed markets within the Europe and Asia
Pacific regions, excluding Korea.
The implementation of this investment objective change is also
subject to acceptance by the Toronto Stock Exchange.
If the foregoing investment objective change is approved,
Invesco Canada also proposes to change ILV's expenses payable which
are also subject to securityholder approval. The Independent Review
Committee ("IRC") of ILV has reviewed the potential conflict of
interest matters related to the proposed change in expenses payable
by ILV to include expenses related to tax agents and tax reclaims,
and has advised Invesco Canada that, after reasonable inquiry, in
the IRC's opinion, the proposed change in expenses payable by ILV
achieves a fair and reasonable result for ILV.
Further details will be provided to securityholders in a proxy
package that will be mailed in December and in a management
information circular that will be available online via
www.sedar.com. If the proposals are approved, the changes will be
made effective in the first quarter of 2019.
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. 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, management fees and expenses may all be associated
with investments in exchange-traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus before investing.
Copies are available from Invesco Canada Ltd. at www.invesco.ca
There are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units.
Some ETFs seek to replicate, before fees and expenses, the
performance of the applicable index, and are not actively managed.
This means that the sub-advisor will not attempt to take defensive
positions in declining markets and the ETF will continue to provide
exposure to each of the securities in the index regardless of
whether the financial condition of one or more issuers of
securities in the index deteriorates. In contrast, if an ETF is
actively managed, then the sub-advisor has discretion to adjust
that ETF's holdings in accordance with the ETF's investment
objectives and strategies.
The S&P BMI International Developed Low Volatility Index
(the "Index") is a product of S&P Dow Jones Indices LLC, a
division of S&P Global, or its affiliates ("SPDJI"), and has
been licensed for use by Invesco Canada Ltd. Standard &
Poor's®, and S&P®, are registered
trademarks of Standard & Poor's Financial Services LLC, a
division of S&P Global ("S&P"); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones") and has been licensed for use by SPDJI. Invesco ETFs
are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones,
S&P, or their respective affiliates and none of such parties
make any representation regarding the advisability of investing in
such product(s) nor do they have any liability for any errors,
omissions, or interruptions of the Index.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.