Invesco Canada announces changes to sub-advisor for certain Canadian-listed ETFs
MWN-AI** Summary
Invesco Canada Ltd. has announced a significant change regarding the management of certain Canadian-listed exchange-traded funds (ETFs). On January 13, 2026, the firm revealed a definitive agreement to transfer its Canadian funds management agreements to CI Investments Inc., operating as CI Global Asset Management (CI GAM). This move will designate CI GAM as the new manager and portfolio manager for several mutual funds and ETFs previously managed by Invesco.
As part of this transition, Northwest & Ethical Investments L.P. (NEI) will cease to provide non-discretionary ESG advisory services for a range of Invesco ETFs, including the Invesco ESG NASDAQ 100 Index ETF, among others. Although NEI's departure marks a notable shift, it is important to highlight that there will be no alterations to the investment objectives or strategies of these ETFs. Until the official closing of the transition, Invesco Capital Management LLC will maintain its role as the discretionary sub-advisor.
CI GAM's assumption of full investment responsibility post-closing signifies an important structural change but is characterized by continuity in the investment strategies of the involved funds. Invesco has assured stakeholders and investors that this transition will not impact the strategic focus of these products, which focus heavily on ESG criteria.
Invesco, a leading global asset management firm with approximately US$2.2 trillion in assets under management as of December 31, 2025, aims to provide comprehensive investment solutions across various asset classes. The change aligns with Invesco's ongoing efforts to enhance its investment capabilities, while CI GAM looks to expand its portfolio through this acquisition. For more details, stakeholders are encouraged to visit the Invesco Canada website.
MWN-AI** Analysis
Invesco Canada’s recent announcement regarding the transition of sub-advisors for certain Canadian-listed exchange-traded funds (ETFs) marks a pivotal moment for investors in the asset management space. As CI Global Asset Management (CI GAM) prepares to assume full investment responsibility from Northwest & Ethical Investments L.P. (NEI), market participants should carefully evaluate the implications of this change.
One notable aspect is that the investment objectives and strategies of the Invesco ETFs remain unchanged. However, the withdrawal of NEI raises questions regarding the future of non-discretionary ESG guidance that NEI previously provided. Investors focused on sustainable investing may find this shift concerning, particularly as ESG strategies have gained traction globally. It will be crucial for CI GAM to reassure stakeholders of its commitment to ESG principles without NEI’s involvement.
Looking at market positioning, CI GAM’s extensive resources and experience may bring new efficiencies and insights to the management of these ETFs. For investors, this could potentially translate into enhanced performance, although it's essential to monitor how CI GAM integrates its strategies within ESG frameworks.
Investors should also consider the broader market context. With interest rates fluctuating and economic conditions evolving, the performance of equity ETFs could be impacted by macroeconomic trends. Enhanced transparency and strategic guidance from CI GAM during this transition will be vital.
For those already holding Invesco ETFs, it may be prudent to maintain positions while observing upcoming performance metrics. New investors should conduct thorough due diligence, particularly regarding CI GAM’s approach to ESG investing. Overall, this transition represents both a challenge and an opportunity—investors should remain vigilant and adaptive as this change unfolds.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO, Feb. 18, 2026 /CNW/ -- On January 13, 2026, Invesco Canada Ltd. announced that it had entered into a definitive agreement to sell the management agreements relating to its Canadian funds business to CI Investments Inc., operating as CI Global Asset Management ("CI GAM"). Upon the closing of the transaction (the "Closing"), CI GAM will become the manager and portfolio manager of certain mutual funds and exchange-traded funds managed by Invesco and Northwest & Ethical Investments L.P. ("NEI") will no longer provide non-discretionary advice on environmental, social and governance ("ESG") matters to the following exchange-traded funds:
Invesco ESG NASDAQ 100 Index ETF
Invesco S&P 500 ESG Index ETF
Invesco S&P International Developed Dividend Aristocrats ESG Index ETF
Invesco S&P International Developed ESG Index ETF
Invesco S&P US Dividend Aristocrats ESG Index ETF
Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF
Invesco S&P/TSX Composite ESG Index ETF
(the "Invesco ETFs")
Prior to Closing, Invesco Capital Management LLC will continue to act as the discretionary sub-advisor of the Invesco ETFs. On and after the Closing, CI GAM will assume full investment responsibility for the Invesco ETFs. The departure of NEI as non-discretionary sub-advisor from the Invesco ETFs will not result in any changes to the investment objectives or investment strategies of the Invesco ETFs.
For more information, please visit invesco.com/ca.
About Invesco Ltd.
Invesco Ltd. is one of the world's leading asset management firms serving clients in more than 120 countries. With US$2.2 trillion in assets under management as of Dec. 31, 2025, we deliver a comprehensive range of investment capabilities across public, private, active, and passive. Our collaborative mindset, breadth of solutions and global scale mean we're well positioned to help retail and institutional investors rethink challenges and find new possibilities for success. For more information, visit www.invesco.com.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.
Commissions, management fees and expenses may all be associated with investments in ETFs. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at invesco.ca.
There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units.
S&P 500® ESG Index, S&P International Developed Ex-North America & Korea ESG Dividend Aristocrats Screened FMC Weighted Index, S&P Developed Ex-North America & Korea LargeMidCap Scored and Screened Index, S&P ESG High Yield Dividend Aristocrats FMC Weighted Index, S&P/TSX Canadian ESG Dividend Aristocrats FMC Weighted Index, S&P/TSX® Composite ESG Index are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and have been licensed for use by Invesco Capital Management LLC and its sublicensees (collectively, the "Licensees"). S&P® and S&P 500® are registered trademarks of S&P Global or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Licensee. The Invesco ETFs not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, TSX and their respective affiliates and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the Indices.
Nasdaq-100® Equal Weighted Index, Nasdaq-100® ESG Index, Nasdaq-100 Index®, Nasdaq Next Generation 100 ESG Index™, Nasdaq Next Generation 100 ESG Index™ and NASDAQ Select Canadian Dividend Index™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco. The Invesco ETFs have not been passed on by the Corporations as to their legality or suitability and are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO ANY INVESCO ETFs.
For more information, please visit invesco.com/ca.
© Invesco Canada Ltd., 2026
Contact: Samantha Brandifino, +1 332.323.5557, [email protected]
SOURCE Invesco Ltd.
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FAQ**
How will the management transition to CI Global Asset Management impact the performance of the Invesco ETFs, specifically those listed under Invesco Ltd IVZ?
What are the strategic reasons behind Invesco Ltd IVZ's decision to change the sub-advisor for its Canadian-listed ETFs, and how might this affect investor confidence?
With NEI no longer advising on ESG matters, what steps will Invesco Ltd IVZ take to ensure the continued alignment of these ETFs with ESG principles?
How might the changes announced by Invesco Ltd IVZ influence the competitive landscape for Canadian-listed ETFs, particularly regarding investment strategies and fees?
**MWN-AI FAQ is based on asking OpenAI questions about Invesco Ltd (NYSE: IVZ).
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