Invesco shifts gears with balanced fund
In a sign that guaranteed funds are losing steam, Invesco is offering an Asian balanced fund to retail investors.
Invesco has launched an Asian balanced fund for Hong Kong retail investors, a move that highlights how the funds industry is adapting to the end of the craze in capital-guaranteed mutual funds. This open-ended fund is meant to fill a gap in Invesco's current stable, as its balanced products are global, not regional, in focus.
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