TORONTO, April 26, 2012 /PRNewswire/ - Invesco Canada announced today that Clayton Zacharias has been appointed lead portfolio manager of Trimark Income Growth Fund. Mr. Zacharias will be supported by a team of five equity portfolio managers, as well as Rex Chong's four-member fixed income team. Mr. Zacharias will continue to serve as lead portfolio manager of Trimark Canadian Endeavour Fund, which has demonstrated exceptional performance over the past four years (as at March 31, 2012).
"Trimark Income Growth Fund investors will benefit by having one of the country's top-performing Canadian equity managers since 2008 leading the Fund," said Ian Hardacre, Head of Canadian Equities. "Adding responsibility for Trimark Income Growth Fund will enable Clayton to bring a new perspective to the team, with a goal of strengthening the Fund's performance over the long term."
Trimark Income Growth Fund will continue to be managed employing the time-tested Trimark discipline, using a long-term, bottom-up approach to identify high-quality, well-managed businesses that are undervalued based on the management team's estimation of their growth prospects. The Fund strives for long-term capital growth and current income by investing in a mix of equities and fixed-income securities.
Mr. Zacharias began his career in the financial services industry in 1994 at PriceWaterhouseCoopers, where he worked in progressive roles as a senior associate, manager and vice president in the corporate finance and investment banking group. He joined the Trimark investment team in 2002 as an investment analyst and was promoted to Portfolio Manager in 2006. He is a Chartered Accountant and a CFA Charterholder with more than 17 years' experience in financial services.
Don Simpson, who previously served as lead manager on Trimark Income Growth Fund, is no longer with Invesco Canada. "We thank Don for his contributions to our business, and wish him well in his future endeavours," said Mr. Hardacre.
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SOURCE Invesco Canada Ltd.