How is the Morgan Stanley
retail asset management deal working out for Invesco
] so far? Morningstar
fund analyst Ryan Leggio seems cautiously optimistic, arguing
that Invesco "has handled the merger well so far."
"In areas where Invesco's investment lineup has been weak, it's taken steps to address specific problems ... Van Kampen was strong where Invesco was weak," Morningstar notes, pointing to Van Kampen's strength in domestic value equity and municipal bond funds, compared to Invesco's strength in growth equity. "Invesco is on stronger footing than it was a few years ago ... Many of the company's recent actions will lead to better and lasting results for fund shareholders."
Neil Anderson, Managing Editor
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