The Fund’s performance over the long term is largely an outcome of the portfolio management team’s (the “team’s”) stock selection. The Fund’s outperformance relative to the benchmark during the period is attributable to the team’s stock selection in the information technology and health care sectors, which outperformed those of the benchmark.
During the period, the Canadian dollar’s performance was up relative to most other major currencies. As the Fund’s portfolio is not currently hedged, currency, in aggregate, detracted approximately 4.98% from the Fund’s absolute performance. By comparison, the foreigncurrency impact on the benchmark (also expressed in Canadian dollars) decreased its performance by approximately 5.18%.
Source : Invesco