Founded in 1935,
(IVZ) is an investment management company with a worldwide
presence. The company has branches in more than twenty countries.
Invesco is traded on the New York Stock Exchange and is part of the
S&P 500 Index.
The company has a market capitalization of more than $15 billion
and employs around 75 investment professionals. Across the globe,
it has more than 6,000 employees. Its global footprint includes a
presence in North America, the Asia-Pacific region and Europe.
In 1997, the company merged with AIM Investments and was renamed as
Amvescap. In 2006, it purchased PowerShares Capital Management and
ventured into the ETF space. Several PowerShares ETFs are now
listed on the Nasdaq and NYSE Arca indices. In 2007, the company
changed its name back to Invesco and listed on the NYSE.
In 2010, Invesco purchased the retail assets management arm of
Morgan Stanley, which includes Van Kampen Investments. This year,
the company entered the Indian market via a 49% joint venture with
Religare Asset Management.
Earlier this month, Invesco revealed that its preliminary assets
under management stood at $763.9 billion, increased 2.5% from last
month. This increase is attributable to better market returns as
well as positive net inflows. The company also reported that both
active and passive long term accruals were positive over the month.
Below we are presenting three mutual funds, each of which invests
globally and have high returns, as well as the best possible Zacks
Mutual Fund Picks
Invesco Small Cap Value A
Launched in June 1999, the fund has total assets of $3.05 billion.
It invests heavily in securities issued by companies with small
market capitalizations. The fund also invests in derivatives whose
economic characteristics are identical to these securities. The
fund has a year-to-date return of 36.61%.
The fund holds 67 assets and its top 10 holdings account for 28.29%
of its investments. The asset it is most invested in is
Abercrombie & Fitch Co.
(ANF), which makes up 3.55% of its assets. The next two,
(ZION), together make up 6% of its assets. The fund returned 48.92%
in the last one year period and has a
Zacks Rank #2 (Buy)
Invesco Global Health Care A
This healthcare focused fund has total assets of $1.44 billion and
was launched in August 1989. It invests in both domestic and
foreign companies who are focused on healthcare and related
sectors. The fund concentrates on acquiring equity and related
securities. It invests in companies regardless of their size, but
focuses on small and mid cap companies. This fund has a
year-to-date return of 39.36%.
The fund holds 64 assets and its top 10 holdings account for 30.84%
of its investments. The asset it is most invested in is Roche
Holding AG, which makes up 4.10% of its assets. The next two,
Gilead Sciences, Inc.
Novartis AG ADR.
(NVS), together make up 7.84% of its assets. The fund returned
42.35% in the last one year period and has a
Zacks Rank #2 (Buy).
Invesco Mid Cap Growth A
Launched in December 1995, this is also a large fund with total
assets of $2.91 billion. The fund invests primarily in mid-cap
companies. It focuses on acquiring equity securities, particularly
common stock. Not more than 25% of its assets may be utilized to
purchase foreign securities. This fund has a year-to-date return of
The fund holds 85 assets and its 10 holdings account for 19.68% of
its investments. The asset it is most invested in is
Pioneer Natural Resources
(PXD) which makes up 2.33% of its assets. The next two,
PPG Industries Inc.
Affiliated Managers Group Inc.
(AMG), together make up 4.53% of its assets. The fund returned
36.54% in the last one year period and has a
Zacks Rank #2 (Buy).
All these Invesco funds are large funds with proven track records
over an extended period of time. This is why these three funds
would make excellent additions to your portfolio.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward.
Learn more about the Zacks Mutual Fund Rank.
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