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Wednesday, September 04, 2002|
Invesco Opens Multi-Sector
Invesco Funds Group has opened a new fund designed to offer investors one-stop diversification. The Multi-Sector Fund will make investments in the technology, health, financial, leisure and energy sectors.
The fund is an antidote to the tech wreck that hit the Denver-based fund firm harder than many of its peers. By combining different and presumably less correlated sectors in the fund, Invesco hopes that it has a product less prone to upset shareholder stomachs while still offering the lure of sector investing.
Invesco's team of sector analysts will each oversee the portion of the fund devoted to their sector.
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