Merger of two funds at In­vesco

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based In­vesco Canada Ltd. has merged two of its funds. In­vesco Emerg­ing Mar­kets Debt Fund has been merged with In­vesco Global Bond Fund. The lat­ter, the re­main­ing fund, is meant for unithold­ers with a low risk tol­er­ance and who seek in­come and cap­i­tal appreciation from global fixed-in­come se­cu­ri­ties. To reach this goal, the fund in­vests in fixed-in­come se­cu­ri­ties of global cor­po­ra­tions, gov­ern­ments and other en­ti­ties and typ­i­cally won’t in­vest more than 25% of its net as­sets in high-yield or emerg­ing­mar­ket debt. Ad­vi­sor com­mis­sions are 0%-5% for front-end sales, 4.5% for de­ferred sales, 1% for the low-load op­tion or 3% for the lower-load load-4 op­tion. Re­demp­tion fees be­gin at 6% in Year 1 and end at zero af­ter Year 6 for the reg­u­lar DSC sched­ule, be­gin at 2% in Year 1 and end at zero af­ter Year 2 for the low-load sched­ule or be­gin at 4.5% in Year 1 and end at zero af­ter Year 4 for the load-4 sched­ule. Trail­ing com­mis­sions are 0.5% for front-end sales; 0.2% for the first seven years of de­ferred sales, and 0.5% there­after; 0.5% for low-load sales; and 0.2% for the first four years of load-4 sales, and 0.5% there­after. Man­age­ment fees are 1.15% for A-class units and 0.65% for F-class units. Min­i­mum in­vest­ment is $500.

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