Over the second quarter of 2013, Invesco Canadian Premier Growth Fund returned 2.69%, outperforming its specific benchmark, the 60% S&P/TSX Composite Index/40% MSCI World Index, which declined 0.70% (C$) over the same period.
On a geographic basis, the Fund's holdings in Canada significantly outperformed those of the benchmark and were the most significant contributors to the Fund's relative performance over the reporting period. While absolute returns from the Fund's U.S. equity exposure were positive, an underweight allocation to the U.S., one of the stronger-performing regions in the benchmark, detracted from relative performance.
Most sectors posted positive absolute and relative performance over the period. The Fund's holdings in the materials and information technology sectors were the most significant contributors to its relative performance. An underweight allocation to the materials sector, one of the weakest-performing sectors in the benchmark, also helped the Fund's relative performance.