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Toronto-based Invesco Canada Ltd. launched a new suite of investment portfolios on Tuesday.

The five portfolios—the Invesco Conservative Portfolio, the Invesco Moderate Portfolio, the Invesco Balanced Portfolio, the Invesco Growth Portfolio and the Invesco High Growth Portfolio—invest in a blend of actively-managed mutual funds and passive, factor-based ETFs.

With the inclusion of ETFs, the portfolios will have access to lower management fees, the firm noted.

“The Portfolios are a convenient, and relatively low-cost single-ticket multi-asset-allocation solution designed to appeal to different investor risk profiles,” Invesco said in a press release. “These are constructed using strategic long-term asset allocation, seeking diversification and higher risk-adjusted returns on each level of risk exposure.”

The equity portion of the portfolios will consist of developed and emerging markets. The bond exposure will be in developed markets only. The portfolios are developed and managed by the Invesco Investment Solutions team.