With nearly $792.4 billion of assets under management, Invesco Ltd. (NYSE:IVZ) offers financial solutions through a diverse set of investment vehicles across major equity, fixed income, and alternative asset classes. This leading global investment management company caters to a wide range of mutual funds including both equity and fixed income funds, and domestic and international funds. With nearly 750 investment professionals and more than 6,000 employees, the company offers financial services worldwide through offices in 20 countries.
Below we share with you four top-rated Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Invesco mutual funds, Investors can click here to see the complete list of Invesco funds, their Zacks Rank and past performance.
Invesco Global Real Estate Income A (MUTF:ASRAX) invests the lion's share of its assets in securities and other derivatives related to the real-estate domain. ASRAX may invest not more than 30% of its assets in securities that are rated below investment grade, commonly known as "junk bonds." Invesco Global Real Estate Income A returned 5% over the year-to-date frame.
As of March 2016, TVLAX held 165 issues, with 2.42% of its assets invested in Land Securities Group PLC.
Invesco Developing Markets A (MUTF:GTDDX) seeks capital appreciation over the long run. GTDDX invests a large chunk of its assets in securities of companies that are domiciled in developing countries and are believed to have an impressive growth prospect. The fund invests in securities of companies irrespective of the market capitalizations. Invesco Developing Markets A returned 12.7% over the year-to-date frame.
GTDDX has an expense ratio of 1.43% as compared to the category average of 1.51%.
Invesco Asia Pacific Growth A (MUTF:ASIAX) invests a major portion of its assets in equity securities and depositary receipts of companies located in the Asia Pacific region, excluding Japan. ASIAX may also invest in other derivatives and instruments issued in the region. Though ASIAX invests in securities of companies across all capitalizations, it is expected to invest a notable portion of its assets in securities of companies with small- and medium-size market capitalization. Invesco Asia Pacific Growth A returned 2.8% over the year-to-date frame.
Shuxin (Steve) Cao is one of the fund managers of ASIAX since 1999.
Invesco Corporate Bond Y (MUTF:ACCHX) seeks current income through preservation of capital. ACCHX invests a large share of its assets in bonds issued by corporate issuers. The fund is expected to invest a minimum of 65% of its assets in securities that are rated investment-grade. Invesco Corporate Bond Y returned 5.9% over the year-to-date frame.
GTDDX has an expense ratio of 0.66% as compared to the category average of 0.86%.