The team behind the Invesco Balanced-Risk Allocation Fund [profile] must be walking with a bit of a bounce in their step. Barron's "Focus on Funds" columnist Brendan Conway highlighted the $10.9-billion, five-star and neutral-rated mutual fund's whopping $5.7 billion in year-to-date inflows.

Barron's praises the three-and-a-half-year-old fund's PMs — Mark Ahnrud, Chris Devine, Scott Hixon, Christian Ulrich and Scott Wolle — for strong returns of 10.56 percent year-to-date and 10.88 percent annualized over three years.

Yet the pub notes "the role of market correlation" for a fund designed to offer "low to moderate correlation to traditional financial market indexes" in a time when "investors have a burning desire to get away from the madding herd." And Barron's also cautions that, thanks to big exposure to government bond futures, "you'd want to see how it performs in a bear market for bonds, of course." 

Edited by: Neil Anderson, Managing Editor


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