Invesco launches new product
Fund manager, Invesco Australia has launched a new product - the Invesco Wholesale Global Targeted Returns Fund.
The company said the fund had commenced late last month and was targeting a gross return of five per cent over the Bloomberg AusBond Bank Bill Index (cash +5 per cent) over a rolling, three-year period with less than half the volatility of global equities over the same rolling, three-year period.
It said the fund was available to both retail and institutional investors.
Commenting on the product launch, Invesco Australia chief executive, Martin Franc claimed the easy beta wins in a liquidity-fuelled market were "yesterday's story".
"Demand for the Invesco Global Targeted Returns strategy is strong because investors are seeking a more certain return profile as well as genuine diversification in a volatile, low yielding world," he said.
Franc said the launch of the Fund was consistent the company's focus on bringing to market high quality investment capabilities to meet its clients' financial needs.
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