Invesco has made changes to a number of its funds, including reworking one as a social impact fund, according to a letter to investors.
Invesco Pan European Structured Responsible Equity is set to be reworked in a new global social impact fund, following its shuttering a month ago. While the fund is currently an Article 8 product, Invesco has shifted it to Article 9 to "compete more effectively in a growing and promising market segment". It will be renamed Invesco Social Progress from 7 November and materially change the investment objectives to generate positive social impact in line with the UN's sustainable development goals. This will include strict social-focused filters using proprietary and third-party scree...
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