Toronto-based Invesco Canada Ltd. said Thursday it has filed an amendment to its simplified prospectus to permit the portfolio management team of Trimark Advantage Bond Fund to invest a portion of its assets in other fixed income mutual funds managed by Invesco Canada or its affiliates.
The portfolio management team plans to invest in funds within the Trimark fixed income lineup. The investment strategies of the underlying funds will be to invest mainly in high-yield debt securities.
Invesco says the portfolio management team will consider a variety of factors when determining an investment in the underlying funds, including performance and risk attributes, as well as any trading and operational efficiencies that the fund may gain from investing in the underlying funds, rather than investing directly in securities.