3 Invesco Mutual Funds to Invest in Today
Founded in 1978, Invesco Ltd had preliminary assets under management of $954.8 billion as of Mar 31, 2019. With nearly 750 investment professionals and more than 6,000 employees, the company offers a wide range of financial services through offices in 20 countries.
This renowned global investment management company offers financial solutions through a diverse set of investment vehicles across major equity, fixed income and alternative asset classes. Mutual funds managed by the company include both equity and fixed income funds, and domestic and international funds.
Below we share with you three best-ranked Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds, their Zacks Rank and past performance.
Invesco Corporate Bond Fund Class Y ACCHX aims for current income with capital preservation. The fund invests the majority of its assets in corporate bonds, and in derivatives and other instruments that have economic characteristics similar to such securities. ACCHX has three-year annualized returns of 4.3%.
As of March 2019, ACCHX held 666 issues, with 5.26% of its assets invested in 2 Year US Treasury Note Future June19.
Invesco International Growth Fund Class Y AIIYX aims for long-term capital growth. The fund mostly invests in equity securities and depositary receipts of foreign issuers.AIIYX provides exposure to investments that are economically tied to at least three different countries outside of the United States. The fund primarily invests in securities of large-capitalization companies and may also invest a considerable amount of its net assets in the securities of mid-capitalization companies. AIIYX has three-year annualized returns of 6.4%.
Clas G. Olsson is one of the fund managers of AIIYX since 1997.
Invesco Multi-Asset Income Fund Class Y PIYFX aims for current income. The fund achieves its investment objective by actively allocating assets across multiple income-producing asset classes and strategies.The Adviser's Global Asset Allocation team deploys the fund's investment strategy and tactically adjusts the fund's portfolio through direct investments. PIYFX has three-year annualized returns of 7.5%.
PIYFX has an expense ratio of 0.61% compared with the category average of 0.70%.
To view the Zacks Rank and past performance of all Invesco mutual funds, investors can click here to see the complete list of funds.
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