TORONTO, Feb. 13, 2020 /CNW/ -- Invesco Canada Ltd.
("Invesco") today announced changes to the risk ratings applicable
to two of its Canadian-listed exchange-traded funds (ETFs). The
changes in risk ratings are effective immediately and detailed in
the following table:
ETF name and
series
|
Ticker
symbol
|
Previous risk
rating
|
New risk
rating
|
Invesco FTSE RAFI
Global+ Index ETF, USD Units
|
PXG.U
|
Medium to
High
|
Medium
|
Invesco FTSE RAFI
Global Small-Mid ETF, USD Units
|
PZW.U
|
Medium to
High
|
Medium
|
The risk rating changes were made in accordance with the risk
classification methodology set by the Canadian Securities
Administrators to determine the risk level of funds. No changes
have been made to the investment objectives or strategies of these
ETFs. A summary of the risk rating classification methodology,
investment objectives and strategies of an ETF can be found in the
ETF's most recently filed prospectus.
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 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 25 countries, Invesco managed $1.2 trillion in assets on behalf of clients
worldwide as of December 31, 2019.
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
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.
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.
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.
FTSE® is a trademark owned by the London Stock Exchange Group
companies and is used by FTSE International Limited ("FTSE") under
licence. The FTSE RAFI® Index Series is calculated by 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. Any intellectual property rights in
the Index values and constituent list vest in FTSE.
"Fundamental Index®" and/or "Research Affiliates Fundamental
Index®" and/or "RAFI®" and/or all other RA trademarks, trade names,
patented and patent-pending concepts are the exclusive property of
Research Affiliates, LLC."
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., 2020
Contact:
|
Stephanie
Diiorio
|
|
Director, Media
Relations
|
|
Tel:
212.278.9037
|
|
stephanie.diiorio@invesco.com
|
SOURCE Invesco Ltd.