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