Invesco drops fees of 2 funds

Invesco Canada has reduced the effective management fees for two of its PowerShares mutual funds.

The funds are the PowerShares FTSE RAFI Emerging Markets Fundamental Class and the PowerShares FTSE RAFI Global+ Fundamental Fund.

The changes are as follows:

• While the management fee will remain the same, the effective management fee of the emerging markets fund is dropping from 1.90% to 1.54% for Class A, and from 0.90% to 0.54% for Class F.
• While the management fee will remain the same, the effective management fee of the RAFI global fund is dropping from 1.68% to 1.44% for Class A, and from 0.68% to 0.44% for Class F.

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