Launch offers Canadian investors exposure to Invesco ETFs
from ESG and Innovation Suites
TORONTO, Jan. 28, 2021 /CNW/ -- Invesco Ltd. (NYSE: IVZ),
a leading global asset manager, today announced that Invesco Canada
Ltd. has launched four new index mutual funds structured as
fund-of-ETFs. These new products create the potential for all
Canadian investors to access four of Invesco's most innovative ETF
launches of 2020 through either an ETF or a mutual fund, allowing
them the opportunity to choose the vehicle that best suits their
investment objectives.
"In 2020, Invesco launched a line-up of ETFs that showcase our
key strengths and longstanding partnerships. Based on interest in
our ESG ETFs and the Nasdaq Innovation suite, we are expanding the
series to Canadian investors," says Jason
MacKay, Head of Wealth Management Intermediaries,
Canada. "Wrapping these ETFs in an
index mutual fund structure offers Canadian investors the ability
to easily access four key indexes through another investment
structure."
The four new index mutual funds, which will generally invest
one-for-one in the four ETFs, include:
|
Invesco
S&P 500 ESG Index ETF Fund
|
|
The Invesco S&P
500 ESG Index ETF Fund seeks to replicate the performance of the
S&P 500 ESG Index on a hedged* basis.
The S&P 500 ESG Index uses S&P DJI's ESG criteria to
select companies from S&P 500 Index. This methodology
offers investors access to notable U.S. companies that meet certain
ESG criteria while still offering similar overall industry group
weights to the S&P 500 Index. The fund intends to directly
invest in the Invesco S&P 500 ESG Index ETF (Ticker:
ESG.F) to achieve its investment objective.
|
|
|
Invesco
S&P/TSX Composite ESG Index ETF Class
|
|
The Invesco
S&P/TSX Composite ESG Index ETF Class seeks to replicate the
performance of the S&P/TSX Composite ESG Index.
The S&P/TSX Composite ESG Index uses S&P DJI's ESG
criteria to select companies from the benchmark Canadian
S&P/TSX Composite Index. This methodology offers investors
access to notable Canadian companies that meet certain ESG criteria
while still offering similar overall industry group weights to the
S&P/TSX Composite Index. This fund intends to directly invest
in the Invesco S&P/TSX Composite ESG Index ETF (Ticker:
ESGC) to achieve its investment objective.
|
|
|
Invesco
NASDAQ 100 Index ETF Fund
|
|
The Invesco NASDAQ
100 Index ETF Fund seeks to replicate the performance of the
NASDAQ-100 Index on a hedged* basis. The NASDAQ 100 Index
is comprised of the largest companies (ex-financials) on The Nasdaq
Stock Market and since its inception 30-years ago has been one of
the most recognized large-cap growth indexes. This fund intends to
directly invest in the U.S. listed Invesco NASDAQ 100 ETF
(Ticker: QQQM) to achieve its investment objective.
|
|
|
Invesco
NASDAQ Next Gen 100 Index ETF Fund
|
|
The Invesco NASDAQ
Next Gen 100 Index ETF Fund seeks to replicate the performance of
the NASDAQ Next Generation 100 Index on a hedged* basis. The NASDAQ
Next Generation 100 Index is comprised of the 100 largest
non-financial companies listed on The NASDAQ Stock Market outside
of the NASDAQ-100 Index. The fund intends to invest in the U.S.
listed Invesco NASDAQ Next Gen 100 ETF (Ticker:
QQQJ) to achieve its investment
objective.
|
All four funds will be offered in Series A, Series F and Series
PTF. Series A will be offered in a front-end sales charge ("SC")
option only. Series F and Series PTF will be offered in a no sales
charge ("NSC") option.
"Offering Canadian investors these four mutual funds represent
the next step in the continued democratization of investing,"
explains MacKay. "Advancing the growing concept that
personalization in investing continues to drive benefits to the end
investor, regardless of the fund structure."
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.
* The hedging activity will not impact the foreign
currency exposure experienced by the underlying fund.
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 25
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 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.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
regardless of whether the financial condition of one or more
issuers of securities in the index deteriorates.
Series PTF and Series F is available only to eligible
investors who have fee-based accounts with their dealer and whose
dealer has signed an Invesco Series F or Series PTF Dealer
Agreement with Invesco Canada. Sales charges and trailing
commissions are not payable for Series F or Series PTF
units/shares; however, investors may pay other fees to their dealer
for investment advice and other services.
The S&P 500 ESG Index and the S&P/TSX Composite ESG
Index are products of S&P Dow Jones Indices LLC or its
affiliates ("SPDJI"), and have been licensed for use by Invesco
Canada Ltd. S&P® and S&P/TSX Composite Index are registered
trademarks of Standard & Poor's Financial Services LLC
("S&P"); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"); "TSX" is a trademark of TSX,
Inc., and these trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by Invesco Canada Ltd. Invesco
S&P 500 ESG Index ETF Fund and Invesco S&P/TSX Composite
ESG Index ETF Fund are not sponsored, endorsed, sold or promoted by
SPDJI, Dow Jones, S&P, TSX or their respective affiliates, and
none of such parties make any representation regarding the
advisability of investing in such product nor do they have any
liability for any errors, omissions, or interruptions of the
S&P 500 ESG Index or S&P/TSX Composite ESG Index.
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
Media contact: Stephanie Diiorio,
212.278.9037, Stephanie.Diiorio@invesco.com
SOURCE Invesco Ltd.