Invesco Canada announces fund changes
MWN-AI** Summary
Invesco Canada Ltd. has announced significant updates to several of its investment funds, impacting both exchange-traded funds (ETFs) and mutual funds. These changes, set to take effect around March 24, 2025, involve name modifications and shifts in investment strategies to align with new underlying indexes provided by Research Affiliates, LLC. This move marks a departure from the previous FTSE International Limited indexes that the funds had tracked.
The impacted funds include both well-known ETFs and mutual funds. For example, the Invesco FTSE RAFI Global Small-Mid ETF will be renamed the Invesco RAFI Global Small-Mid ETF, while the Invesco FTSE RAFI Canadian Index ETF will transition to the Invesco RAFI Canadian Index ETF, reflecting their new focus on tracking the RAFI Fundamental Select Canada 100 Index.
While these alterations will not change the funds' ticker symbols or investment objectives, investor approval is required for the proposed changes. Invesco intends to hold meetings around March 20, 2025, to discuss the changes and secure investor consent, with notifications sent to investors prior to this timeframe.
Invesco emphasizes that investors will still be subject to customary fees associated with such funds, which may also carry inherent risks. The company offers a variety of investment capabilities, managing approximately US$1.8 trillion in assets globally as of September 30, 2024.
These adjustments point to Invesco's ongoing efforts to enhance its investment offerings and adapt to changing market conditions, ultimately aiming to provide more robust tracking of fundamental factors in the investment landscape. For more details, investors are encouraged to review the official information to be released by Invesco leading up to the proposed date.
MWN-AI** Analysis
Invesco Canada's recent announcement regarding changes to seven of its funds could signal strategic shifts that investors should closely monitor. Scheduled to take effect on March 24, 2025, the alterations include renaming several funds and updating their investment strategies to align with indexes provided by Research Affiliates, LLC instead of FTSE International Limited. This transition indicates Invesco’s focus on adapting to evolving market dynamics and client expectations.
For investors currently holding Invesco ETFs, it's essential to evaluate how these changes may impact portfolio performance and investment objectives. The shift towards the RAFI Fundamental Indexes aims to enhance returns by using a fundamentally-based strategy, potentially offering more growth compared to traditional market-cap weighted indexes. However, it's important to note that revised strategies could also affect risk profiles. Investors should conduct thorough research into whether these new strategies align with their risk tolerance and investment goals.
The upcoming investor meetings on March 20, 2025, will play a crucial role, as approval for the proposed changes hinges on investor consent. Given the potential benefits of incorporating research-backed methodologies, investors should assess their stance leading up to this date.
Moreover, with the influx of ESG-focused investing and thematic strategies, Invesco's adjustments might indicate a broader market trend towards diversification and active management methodologies. Investors should consider diversifying their portfolios in response to these shifts, possibly integrating other asset classes or sectors to mitigate risk.
In summary, while these adjustments may introduce new opportunities, investors must remain vigilant, understanding the implications of such changes within their broader investment strategy. Staying informed will be key to navigating this evolving landscape effectively.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
Changes are proposed for four ETFs and three Mutual Funds
TORONTO , Jan. 13, 2025 /CNW/ -- Invesco Canada Ltd. ("Invesco") today announced changes to seven Invesco funds.
Name and Investment Strategy Changes
Effective on or about March 24, 2025 , the Invesco funds listed in the table below will change their names.
Tickers | Current Invesco Fund Name | New Invesco Fund Name |
PZW PZW.U PZW.F | Invesco FTSE RAFI Global Small-Mid ETF (1) | Invesco RAFI Global Small-Mid ETF |
N/A | Invesco FTSE RAFI Global+ ETF Fund | Invesco RAFI Global+ ETF Fund |
N/A | Invesco FTSE RAFI U.S. ETF Fund | Invesco RAFI U.S. ETF Fund |
(1) | The implementation of the name change for this Invesco fund is subject to the acceptance of the Toronto Stock Exchange. |
The investment strategies of these Invesco funds will also be updated to align with the new investment strategies of the Invesco ETFs currently held by these Invesco funds. 1
There are no changes to the investment objectives or ticker symbols, where applicable, for these Invesco funds.
Proposed Investment Objective, Name and Investment Strategy Changes
Effective on or about March 24, 2025 , Invesco proposes to change the investment objectives of the Invesco funds listed in the table below. The investment objective changes will allow these Invesco funds to track indexes provided by Research Affiliates, LLC instead of indexes provided by FTSE International Limited (in conjunction with Research Affiliates, LLC).
The proposed investment objective changes are subject to investor approval and investor meetings will be held on or about March 20, 2025 to seek such approval. Further details surrounding the changes will be included in management information circulars, which will be available online, and Notice and Access letters are expected to be mailed in February 2025 to investors of record as of February 7, 2025 .
If investors approve the investment objective changes, the names and investment strategies of these Invesco funds will also be changed to align with the new investment objectives.
Ticker(s) | Current Invesco Fund Name | Proposed Invesco Fund Name (1) |
PXC | Invesco FTSE RAFI Canadian Index ETF (2) | Invesco RAFI Canadian Index ETF |
PXU.F | Invesco FTSE RAFI U.S. Index ETF (2) | Invesco RAFI U.S. Index ETF |
PXS | Invesco FTSE RAFI U.S. Index ETF II (2) | Invesco RAFI U.S. Index ETF II |
N/A | Invesco FTSE RAFI Canadian Index ETF Class | Invesco RAFI Canadian Index ETF Class |
(1) | The names and indexes tracked by these Invesco funds will only be changed if investors approve the investment objective changes. |
(2) | The implementation of the investment objective changes for these Invesco funds is subject to the acceptance of the Toronto Stock Exchange. |
There are no changes to the ticker symbols, where applicable, for these Invesco funds.
Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.invesco.com/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.
"FTSE ® , "Russell ® ", "Russell 1000 ® ", and "FTSE Russell ® " are trademarks of the relevant company of the London Stock Exchange Group plc and its group undertakings (the "LSE Group Companies") and are used by a LSE Group Company under license. The FTSE RAFI ® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC ("RA"). RAFI ® " and/or all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of RA. None of the LSE Group Companies nor RA sponsor, endorse or promote Invesco ETFs and are not in any way connected to them and do not accept any liability in relation to their issue, operation and trading and makes no claim, prediction, warranty or representation either as to the results to be obtained from Invesco ETFs or the suitability of the indexes for the purposes to which they are being put by Invesco.
The RAFI Fundamental Select Canada 100 Index and the RAFI Fundamental Select US 1000 Index (the "RAFI Indexes") are service marks of RAFI Indices, LLC or its affiliates (collectively, "RAFI") and have been licensed for use by Invesco Capital Management, LLC and its sublicensees. The intellectual and other property rights to the RAFI Indexes are owned by or licensed to RAFI. The Invesco ETFs are not sponsored, endorsed, sold or promoted by RAFI, its agents and service providers (including any calculation agent for the RI Indices and any data providers, collectively, "RAFI and its agents").
The RAFI Indexes and included data are provided "as is". RAFI and its agents have no obligation or liability to the owners of the Invesco ETFs and any decision to purchase or invest in the Invesco ETFs is at your own risk. RAFI and its suppliers disclaim all warranties and representations, including any warranties of merchantability or fitness for a particular purpose or use, with respect to the RAFI Indexes or any included data. In no event will RAFI or its agents be liable for any damages even if notified of the possibility of such damages.
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 more than 20 countries, Invesco managed US$1.8 trillion in assets on behalf of clients worldwide as of September 30, 2024 . For more information, visit www.invesco.com .
Invesco is a registered business name of Invesco Canada Ltd. Invesco Canada Ltd. is an indirect, wholly owned subsidiary of Invesco Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2025
1 Effective on or March 24, 2025 , the underlying Invesco ETFs held by the Invesco funds will begin to track indexes provided by Research Affiliates, LLC instead of indexes provided by FTSE International Limited (in conjunction with Research Affiliates, LLC).
Contact: Samantha Brandifino : [email protected] 332.323.5557
SOURCE Invesco Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/13/c1123.html
FAQ**
How will the name change from "Invesco FTSE RAFI Global Small-Mid ETF PZW.F:CC" to "Invesco RAFI Global Small-Mid ETF" impact investor perception and market positioning for this ETF?
What specific changes to the investment strategies will accompany the renaming of the Invesco FTSE RAFI Global Small-Mid ETF PZW.F:CC, and how do they align with investor interests?
Can you elaborate on the reasons behind switching from FTSE International Limited indexes to Research Affiliates, LLC indexes for the ETFs, including the Invesco FTSE RAFI Global Small-Mid ETF PZW.F:CC?
How will investor feedback be incorporated into the decision-making process regarding the proposed changes to the fund objectives and strategies, particularly for the Invesco FTSE RAFI Global Small-Mid ETF PZW.F:CC?
**MWN-AI FAQ is based on asking OpenAI questions about Invesco Ftse Rafi Canadian Index Etf (TSXC: PXC:CC).
NASDAQ: PXC:CC
PXC:CC Trading
0.0% G/L:
$33.84 Last:
3 Volume:
$0 Open:
