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Mutual funds

Invesco Canada reduces effective management fees


Invesco Canada has reduced the effective management fees for two of its PowerShares mutual funds, prompted by reductions in the management fees of the underlying exchange-traded funds.

The effective management fee reductions on PowerShares FTSE RAFI Emerging Markets Fundamental Class and PowerShares FTSE RAFI Global+ Fundamental Fund, effective 21 November 2012, are as follows:

PowerShares FTSE RAFI Emerging Markets Fundamental Class
Series A – 1.54 per cent down from 1.90 per cent
Series F – 0.54 per cent down from 0.90 per cent

PowerShares FTSE RAFI Global+ Fundamental Fund
Series A – 1.44 per cent down from 1.68 per cent
Series F – 0.44 per cent down from 0.68 per cent

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