Invesco Canada Ltd. announced changes to the sub-advisor for several of its Canadian-listed ESG ETFs following its agreement to sell its Canadian funds business to CI Investments Inc. While Invesco Capital Management LLC will continue as the discretionary sub-advisor until the closing, CI Global Asset Management will then assume full investment responsibility. The departure of NEI as the non-discretionary ESG sub-advisor will not alter the investment objectives or strategies of the affected ETFs.
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Invesco Canada announces changes to sub-advisor for certain Canadian-listed ETFs
Invesco Canada Ltd. announced changes to the sub-advisor for several of its Canadian-listed ESG ETFs following its agreement to sell its Canadian funds business to CI Investments Inc. While Invesco Capital Management LLC will continue as the discretionary sub-advisor until the closing, CI Global Asset Management will then assume full investment responsibility. The departure of NEI as the non-discretionary ESG sub-advisor will not alter the investment objectives or strategies of the affected ETFs.