Today marks the launch of Invesco Trimark Retirement Payout Portfolios, a retirement income solution from AIM Trimark Investments that combines Trimark, AIM and Invesco mutual funds with PowerShares exchange-traded funds.

PowerShares ETFs are listed for trading on stock exchanges in the United States and other jurisdictions outside of Canada.

Aim Trimark and PowerShares are both subsidiaries of global asset management giant Invesco Ltd.

“Recognizing the demand in the marketplace for investments that satisfy the specific needs of retirees, we designed Retirement Payout Portfolios to also provide active risk management in two distinct ways,” says John Ciampaglia, vp of product development. “First, the Portfolios follow a built-in ‘GlidePath’ asset allocation strategy that becomes gradually more conservative over time. Plus, they offer investors the rich benefits of global investing with the added comfort and protection of currency hedging.”

Investors can choose from four Portfolio horizon dates — year 2023, 2028, 2033 or 2038 — and have the option of receiving regular, tax-efficient monthly cash flow from their investment.

“Retirement Payout Portfolios are another example of how AIM Trimark has drawn on the strength of Invesco investment centres worldwide to bring enduring investment solutions to Canadians,” says Peter Intraligi, AIM Trimark’s president and CEO.

The Portfolios hold a selection of PowerShares intelligent ETFs, a new generation of industry-leading exchange-traded funds. Unlike their traditional counterparts, PowerShares ETFs track non-capitalization-weighted indices constructed using such variables as a company’s fundamental factors or history of increasing dividends.

Retirement Payout Portfolios have competitive management and advisory fees that decrease as the Portfolios approach their horizon dates and move to fixed-income funds, money market investments and/or short-term debt securities. Investors can purchase the Portfolios with an initial minimum investment of $25,000.

AIM Trimark is also offering a Private Investor series with additional management fee reductions for accounts over $100,000. Investments in excess of $500,000 receive an incremental management fee rebate.