Toronto-based Invesco Canada Ltd. is trimming management fees and introducing fee waivers for several of its ETFs, the company announced on Monday.
These changes will take effect on or about July 27.
“Investors will benefit immediately upon effect, as management fees accrue daily,” the company says in a news release.
Nine ETFs will have their management fees reduced by as much as 18 basis points.
Additionally, two ETFs will benefit from management fees waivers of 10 bps.
For a complete list of the changes can be found, please read the company’s news release.