MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 5, 2013 WSJ Covers Invesco's Foray Into Target-Date Funds The Wall Street Journal's Veronica Dagher takes a look under the hood of Invesco's [profile] risk parity funds. Invesco's five target-year funds aim to succeed in recessionary, inflationary and noninflationary periods, Dagher writes, and the risk-parity approach has worked before, when Invesco's Balanced-Risk Retirement 2030 returned 2.3 percent, Dagher writes. At a time when stocks are generally performing well while bonds and commodities have been weaker, however, the Invesco Balanced-Risk 2030 is down 0.3 percent this year through August. Its peer fund is up 6.5 percent on average. Dagher interviewed Scott Wolle, chief investment officer of Invesco's global asset-allocation group, whom she quoted as saying go the performance, "By losing less on the downside, a strategy won't have to gain as much on the upside and can still outperform due to compounding returns." Invesco is trying to introduce itself to the target date fund slice of the mutual fund industry, where Fidelity [profile] , T. Rowe Price [profile] and Vanguard [profile] dominate, Dagher writes. Invesco manages $429 million in target-date funds of the the nearly $562 billion target-date fund industry, Dagher writes. To read more, click here. Printed from: MFWire.com/story.asp?s=45904 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |