TORONTO, April 28, 2021 /CNW/ -- Invesco Canada Ltd. ("Invesco") today announced changes to an existing Invesco Canada Fund, the Invesco QQQ Index ETF (QQC.F).

(PRNewsfoto/Invesco Ltd.)

Invesco will change the name of the Invesco QQQ Index ETF (QQC.F) to the Invesco NASDAQ 100 Index ETF. QQC.F currently holds securities of Invesco QQQ Trust, Series 1 (Nasdaq ticker: QQQ).  Invesco will change the QQC.F investment strategies so that it holds securities of QQQ and/or securities of the Invesco NASDAQ 100 ETF (Nasdaq ticker: QQQM). Each of QQQ and QQQM provides exposure to the NASDAQ-100 Index.  Additionally, the management fee will be reduced from 0.25% to 0.20%.  Each of these changes will be effective on or about May 14, 2021.


Current

New (effective on or about May 14, 2021)

Fund Name

Invesco QQQ Index ETF

Invesco NASDAQ 100 Index ETF

Management Fee (% of NAV)

0.25%

0.20%

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, 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. The Invesco ETF seeks to replicate, before fees and expenses, the performance of the applicable index, and is 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

Invesco is a registered business name of Invesco Canada Ltd.

Nasdaq®, is registered trademarks of The Nasdaq OMX Group, Inc. ("Nasdaq OMX") and is used under licence to Invesco Capital Management LLC and Invesco Canada Ltd. The product(s) have not been passed on by Nasdaq OMX as to their legality or suitability. The product(s) are not issued, endorsed, sold, or promoted by Nasdaq OMX and NASDAQ OMX MAKES NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

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

© Invesco Canada Ltd., 2021

Contact: Gina Simonis, Invesco Media Relations 917-715-8839

SOURCE Invesco Ltd.

Copyright 2021 Canada NewsWire

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