Toronto-based Invesco Canada Ltd. is updating PowerShares Monthly Income Fund. The mutual fund’s management team will have more flexibility in the selection of underlying investment strategies, as well as the ability to invest in ETFs. To reflect this new investment strategy, the fund has been renamed Invesco Monthly Income ETF Portfolio. Advisor commissions are 0%-5%; trailing commissions are 1% for front-end sales. Management fees are 1.4% for A-class units and 0.4% for F-class units. Minimum investment is $500.

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