Invesco Aim is one of the world’s largest and most diversified investment management firms. With over $430 billion of assets under management, it prides itself on a disciplined investment process based on insight gathered through on-ground research in over thirteen countries. The fund’s diversified investment approach spans equity, fixed income and cash management based strategies as well as alternative holdings such as real estate, commodities and natural resources.
Below we will share with you 5 top rated Invesco Aim funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Invesco Aim funds, then click here.
Invesco Global Growth A (AGGAX) invests at least 65% of its assets in marketable domestic and foreign equity securities. The fund focuses on acquiring securities issued by large and mid-cap companies located in at least three countries outside the U.S. Up to 20% of its assets may be invested in emerging markets. The fund returned 12.55 % in the last one year period.
Barrett K. Sides is the fund manager and she has managed this Invesco Aim fund since 1999.
Invesco European Growth A (AEDAX) seeks both capital appreciation over the long term. It invests at least 80% of its assets in European companies. The fund focuses on acquiring marketable securities but may also utilize derivatives to fulfill its objectives. Up to 35% of its assets may be invested in securities from developing nations. The fund has a ten year annualized return of 3.56 %.
The Invesco Aim fund has a minimum initial investment of $1,000 and an expense ratio of 1.64% compared to a category average of 1.71%.
Invesco Utilities A (IAUTX) invests the majority of its assets in companies with major operations in utilities related industries. This includes power, natural gas and telecom companies. The fund returned 9.57% over the last one year period and has a five year annualized return of 3.54%.
As of March 2010, this fund held 31 issues, with 5.08% of its total assets invested in Entergy Corporation.
Invesco Mid Cap Basic Value A (MDCAX) seeks long-term capital appreciation. It invests the majority of its assets in mid-cap companies with the capability to deliver above-average growth. It focuses on purchasing equity securities but may also invest up to 25% of its assets in non-U.S. securities. The fund has a five year annualized return of 4.52%.
The fund manager is R. Coleman II and he has managed this Invesco Aim fund since 2003.
Invesco Small Cap Equity A (SMEAX) invests heavily in small-cap companies whose market cap is within the range of the Russell 2000 index. The fund invests primarily in equity securities, including convertible instruments. Up to 25% of its assets may be used to purchase securities issued by foreign companies. The fund returned 25.62% over the last one year period.
The Invesco Aim fund an expense ratio of 1.52% compared to a category average of 1.43%.
To view the Zacks Rank and past performance of all Invesco AIM funds, then click here.
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By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
