A new fund will try to attract investors wary of market risk. Bloomberg reported
Tuesday that Invesco
launched the AIM Balanced-Risk Allocation Fund
. The fund's main goal is to make asset-allocation choices based on risk management techniques. The fund is long-only and is designed to limit downside losses. A similar version of the strategy has already been used for institutional clients.
The fund will trade under ABRZX and carry an expense ratio of 1.26 percent. According to Morningstar, the median expense ratio for similar funds is 1.15 percent.
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