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Invesco Canada announces changes to its mutual fund product line

By The IJ Staff | May 22 2020 01:00PM

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.

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