Invesco Canada will reopen the Trimark Canadian Small Companies Fund to new investors on January 25.
The fund, which for the most part buys the common shares of 20 to 40 small firms, was closed to new investors in October of 2014 on the grounds that cash inflows and asset growth had made it difficult to place large amounts of capital in Canada.
To protect the interest of existing investors Invesco decided that it was better to stop accepting new clients, since a more diversified portfolio could have diluted the value added by the management team.
Jason Whiting, lead portfolio manager of the fund, says that circumstances have changed. "We now have a strong pipeline of opportunities and I'm confident we can deploy new inflows in a timely manner," he comments.