MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 20, 2013 Invesco Gets a "B" Invesco [profile] received a B for its new Stewardship grade, Morningstar's Kathryn Spica writes. As Spica writes, Invesco has been through tough times, such as its implication in the 2003 market timing scandal, but CEO Marty Flanagan gave industry watchers confidence that he could steer Invesco in the right direction. Invesco has made major strides under his watch, such as the purchase of PowerShares in 2006, which gave the firm a strong entry into the ETF business, Spica writes. Its purchase of a suite of mutual funds from Van Kampen has continued to improve its mutual fund lineup, Spica says, and established a co-CIO structure, which helped build a sustainable investment culture. Why a B then? Manager retention is still low compared with similarly sized firms, Spica writes, which may contribute to performance beneath the firm's standards. In general, however, the firm is on the right path, Spica says. To read more, click here. Printed from: MFWire.com/story.asp?s=45618 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |