Invesco Trimark has launched three new funds designed to meet the evolving needs of Canadian investors as the global economy undergoes significant change, the asset management company said Wednesday.

“Once again we’re able to bring Invesco’s global capabilities and proven expertise to Canadian investors,” says Jamie Kingston, senior vice president of product management and development at Invesco Trimark.

Each of the new funds is managed by experts in their field who seek to take advantage of attractive investment opportunities around the globe.

Invesco Emerging Markets Debt Fund invests primarily in local-currency-denominated debt issues of emerging market countries, a rapidly growing category. While the average credit quality of local-currency-denominated emerging market debt is rated investment grade, such debt as a category generally provides a yield higher than that of the average investment-grade bond of developed countries like Canada and the United States. This market exceeds a staggering US$1 trillion, yet it is essentially new to Canadian mutual fund investors, Invesco Trimark notes.

The portfolio management team is led by Claudia Calich, head of emerging markets for Invesco fixed income. The team members average 17 years of industry experience and have managed a similar mandate overseas since 2006.

Invesco Emerging Markets Class invests primarily in companies located or active in emerging markets. Managing the fund is the Invesco global equity team, whose 15 members average 18 years of industry experience and manage US$14 billion worldwide. Most of the team’s senior members have worked together since the 1990s, fostering an environment of stability and consistency; Ingrid Baker, who has been with the team since 1999, leads the fund and is Invesco’s head of emerging market equities. The team looks for high-quality companies with attractive long-term potential that strive to take advantage of the expected robust growth of emerging markets such as China, India and beyond.

Trimark Energy Class invests primarily in companies worldwide that engage directly or indirectly in the energy sector. The fund’s flexible mandate allows portfolio manager Norman MacDonald to invest in a broad range of energy-related companies with no limits on foreign content and no requirement to adhere to any specific benchmark index’s sector weights. The fund has the added flexibility to hedge foreign currency and also short-sell securities, to a maximum 20% of the portfolio, when attractive opportunities arise in the market.

MacDonald, who also manages Trimark Resources Fund, has 13 years of investment experience with both institutional and retail clients, including management of energy-specific mandates.


IE