Invesco Canada announced May 22 proposed changes to its mutual fund product line. Among these changes, one fund will be merged into an existing fund and four funds will be terminated. In addition, four series will be launched for existing mutual funds.
The details of the proposed merger is as follows:
Non-continuing fund |
Continuing fund |
Effective date |
Invesco Canadian Interest Fund |
Invesco Canada Money Market Fund |
August 7, 2020 |
Invesco Canada plans to terminate these funds effective August 7, 2020:
Terminating fund |
Invesco Canadian Core Plus Bond Class |
Invesco Short-Term Income Class |
Invesco Energy Class |
Invesco Resources Fund |
Effective May 22, these funds are closed to new investors. Existing investors may continue to purchase securities until July 24, 2020, says the company.
Invesco plans to launch the following new series for existing funds, effective June 8, 2020:
Fund |
Series to be launched |
Invesco Allocation Fund |
Series P |
Invesco Canada Money Market Fund |
Series F, Series FDCA |
Invesco FTSE RAFI Global+ ETF Fund |
Series F4 |
The changes are subject to the applicable approvals, says the company.