Invesco Canada Announces Changes To Active Equity Mutual Funds
TORONTO, Nov. 28, 2022 /PRNewswire/ — Invesco Canada Ltd. today announced changes to some of its active equity mutual fund portfolio management teams. The updated teams will help address overlap in portfolio management capabilities and will help advance the firmwide goal of providing competitive long-term risk-adjusted investment returns. The changes are intended to enhance the following global/international and emerging markets equity funds, bringing the best of Invesco to Canadian clients by leveraging the firm’s global capabilities:
Invesco International Companies Fund and Invesco International Companies Class will be managed by George Evans and Robert Dunphy
Invesco Emerging Markets Fund and Invesco Emerging Markets Class will be managed by Justin Leverenz
Invesco Europlus Fund will be managed by Clas Olsson, Borge Endresen, Mark McDonnell and Richard Nield
Invesco Global Select Equity Class, Invesco Global Select Equity Fund, and the equity portion of Invesco Global Select Balanced Fund will be managed by John Delano
Jeff Feng and Matt Peden will be removed as portfolio managers from the funds listed above, effective today, November 28, 2022 and
Ronald Zibelli will be added as a portfolio manager of Invesco US Companies Fund and Invesco US Companies Class, Erik Voss and Ido Cohen will remain as portfolio managers on both funds Erik Voss has announced his intent to retire, effective June 30, 2023.
About Invesco Ltd.
Us00142c7719 Institutional Ownership And Shareholders
|1 total, 1 long only, 0 short only, 0 long/short- change of% MRQ
|Average Portfolio Allocation
|30,163,297- change ofshares – change of% MRQ
Institutional Ownership and Shareholders
Invesco Government Money Market Fund-Cash Reserve Shares, Cash Reserve Shares has 1 institutional owners and shareholders that havefiled 13D/G or 13F forms with the Securities Exchange Commission .These institutions hold a total of 30,163,297 shares.Largest shareholders includeAIM VARIABLE INSURANCE FUNDS – Invesco V.I. Balanced-Risk Allocation Fund Series I.
Invesco Government Money Market Fund-Cash Reserve Shares, Cash Reserve Shares institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size.Major shareholders can include individual investors, mutual funds, hedge funds, or institutions.The Schedule 13D indicates that the investor holds more than 5% of the company and intends to actively pursue a change in business strategy.Schedule 13G indicates a passive investment of over 5%.
Fund Sentiment Score
Update Frequency: Daily
An Exemplary Minority Businessenterprise
CAVU CEO Greg Parsons is honored by the U.S. Chamber Foundation at its annual Corporate Citizenship Awards ceremony.
Invesco Liquid Assets Portfolio: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Funds liquidity falls below the required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Government & Agency Portfolio and Invesco Treasury Portfolio: You could lose money by investing in the Fund. Although the Fund seeks to preserve your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
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What Are Money Market Funds
Money market funds are fixed income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk. Money market mutual funds are among the lowest-volatility types of investments. Income generated by a money market fund is either taxable or tax-exempt, depending on the types of securities the fund invests in.
- Fidelity Learning Center
A money market mutual fund is a type of fixed income mutual fund that invests in debt securities characterized by their short maturities and minimal credit risk. Money market mutual funds are among the lowest-volatility types of investments. Income generated by a money market fund can be either taxable or tax-exempt, depending on the types of securities in which the fund invests.
Regulations from the U.S. Securities and Exchange Commission define 3 categories of money market funds based on investments of the fundgovernment, prime, and municipal. SEC rules further classify prime and municipal funds as either retail or institutional based on investors in the fund.
Which Is Better: Money Market Fund Or Savings Account
A savings account with a financial institution is the safest, most liquid option for holding cash. Thats because the FDIC insures savings account deposits for up to $250,000, and funds are instantly available at the ATM or counter.
That said, money market funds are also very low risk given that they invest in cash and securities guaranteed by the US government, such as Treasury bills, Treasury notes and repurchase agreements based on government-backed obligations.
Both accounts are extremely liquid, although some funds impose liquidity fees on redemption and certain limitations on redemption periods.
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Risks Of Money Market Funds
- Unlike typical bank certificates of deposit or savings accounts, money market mutual funds are not insured by the Federal Deposit Insurance Corporation although money market mutual funds invest in high-quality securities and seek to preserve the value of your investment, there is the risk that you could lose money, and there is no guarantee that you will receive $1 per share when you redeem your shares
- Inflation risk Because of the safety and short-term nature of the underlying investments, money market mutual fund returns tend to be lower than those of more volatile investments such as typical stock and bond mutual funds, creating the risk that the rate of return may not keep pace with inflation
Prime money market funds:
- Foreign exposure Entities located in foreign countries can be affected by adverse political, regulatory, market, or economic developments in those countries
- Financial services exposure Changes in government regulations, interest rates, and economic downturns can have a significant negative effect on issuers in the financial services sector, including the price of their securities or their ability to meet their payment obligations
All prime and municipal money market funds:
- Liquidity risk The fund may impose a fee upon the sale of your shares, or may temporarily suspend your ability to sell shares, if the funds liquidity falls below required minimums because of market conditions or other factors
Money Market Funds In The Current Environment
Money market funds offered negligible yields in the low-rate environment that persisted over the past several years. Now that interest rates are rising, seven-day yield figures have been revived.
Still, inflation is rising at an even greater rapid clip. According to the Bureau of Labor Statistics Consumer Price Index , inflation stood at 8.6% in May 2022, its highest since 1981. Even though money market funds are paying more, inflation erodes real returnson all investments, not just money market funds.
In an inflationary market, its important to be mindful of how your investment returns are affected. A money market fund is a great option if you want to park cash for a relatively short termif youre holding cash for a large purchase like a house, just be aware of the impact of inflation. Remember, its always a good idea to discuss your plans with a financial advisor.
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Investors Who Might Consider Money Market Funds
Money market funds may be appropriate for customers who:
- Have an investment goal with a short time horizon
- Have a low tolerance for volatility, or are looking to diversify with a more conservative investment
- Need the investment to be extremely liquid
While the returns on money market funds are generally not as high as those of other types of fixed income funds, such as bond funds, they do seek to provide stability, and can therefore play an important role in your portfolio. Investors can use money market funds in a few ways:
- To offset the typically greater volatility of bond and equity investments
- As short-duration investments for assets that may be needed in the near term
- As a holding place for assets while waiting for other investment opportunities to arise
Invesco Provides Estimated Capital Gain Distribution Information For 2022
ATLANTA, Nov. 28, 2022 /PRNewswire/ — Invesco Ltd. IVZ, a leading global provider of exchange-traded funds , announced today that it expects to deliver capital gains distributions across 3 Invesco ETFs.1
For the funds listed in the Table, the ex-date for the 2022 capital gains distributions will be Monday, December 19, 2022. The record date will be Tuesday, December 20, 2022, and the payable date will be Friday, December 23, 2022.
Invesco BulletShares 2027 Corporate Bond ETF
Invesco International Corporate Bond ETF
1 Estimated capital gains and Funds information presented here is not final these are initial estimates as of
Invesco ETFs provides a number of resources and a broad menu of ETF investment solutions to assist investors as they consider year-end tax management strategies with their advisors. Please visit the Invesco ETF Tax Center for more information. Invesco ETFs does not offer tax advice. Please consult your tax adviser for information regarding your own personal tax situation.
For additional information, shareholders of the ETFs which are scheduled for changes may call Invesco at 800-983-0903 or .
For media questions please call 212-278-9037.
Risks & Other Information
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
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Evaluating A Money Market Fund
A money market fund is a type of fixed income mutual fund with very stringent maturity, credit quality, diversification, and liquidity requirements intended to help it achieve its goals of principal preservation and daily access for investors. Customers should determine when picking a money market fund that its characteristics align with their investment objectives and strategy.
- The objective for many money market funds is typically to provide current income consistent with principal preservation
- U.S. Treasury and government money market funds potentially can offer a lower credit risk and return profile than prime money market funds
- Municipal money market funds may be appropriate for nonretirement accounts that are not already tax-shielded
What Is A Money Market Mutual Fund
Money market funds are fixed income mutual funds that invest in debt securities with short maturities and very low credit risk. They offer ultra-low volatility and extremely good liquidity and may invest in taxable or tax-exempt government securities.
Money market funds are open-ended funds, meaning they may sell unlimited shares to customers. The fund sells and redeems the shares at a price equivalent to the net asset value , which is calculated daily.
The managers of money market funds always aim to keep their NAV fixed at $1 per share using special pricing and valuation conventions. Some allow their NAV to float based on the current market value of the securities in their portfolios.
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Advantages Of Money Market Funds
- Stability Money market mutual funds are considered to be one of the least volatile types of mutual fund investments
- Liquidity Its easy to settle your brokerage account trades in other investments, or retrieve funds from a money market mutual fundgenerally assets are available by the next business day
- Security The funds are required by federal regulations to invest in short-maturity, low-risk investments, making them less prone to market fluctuations than many other types of investments
- Short duration Because the duration of money market mutual funds is so shortat maximum a few monthsthey are typically subject to less interest rate risk than longer-maturing bond fund investments
- Diversification Money market mutual funds tend to hold many different securities, with limited exposure outside U.S. Treasury funds to any single issuer
- Potential tax advantages Some money market funds invest in securities whose interest payments are typically exempt from federal, and in some cases, state income taxes these funds can be a potential source of stable, tax-efficient income
Types Of Money Market Funds
Money market mutual funds are defined by their type of investments, typically labeled as government, prime or municipal funds.
Prime and municipal funds are further classified as retail or institutional, depending upon the type of investors in the fund. Government funds must invest 95.5% of their assets in government-issued securities and consequently are extremely safe.
Municipal money market funds invest in municipal bonds issued by municipalities and municipal agencies, which pay interest exempt from federal income tax.
Prime money market funds invest in corporate commercial paper, repurchase agreements, certificates of deposit, and other bank debt securities.
Retail And Institutional Prime And Municipal Money Market Funds
Retail prime and retail municipal money market mutual funds have policies and procedures reasonably designed to limit all beneficial owners to “natural persons” . These funds may continue to seek to maintain a stable $1.00 net asset value , but are subject to potential liquidity fees and redemption gates .
Institutional prime and institutional municipal money market mutual funds are funds that do not qualify as retail fundsi.e., they may be held by institutional investors. These funds are subject to potential liquidity fees and redemption gates, and will price and transact at a floating NAV .
Government money market mutual funds, including U.S. Treasury funds, are available to both retail and institutional investors, and are not subject to potential liquidity fees, redemption gates, or a floating NAV.
Next Steps To Consider
Before investing, consider the funds’ investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Past performance is no guarantee of future results. Current and future portfolio holdings are subject to risk.
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