ATLANTA, Jan. 9, 2018 /PRNewswire/ -- Invesco Ltd.
(NYSE: IVZ) announced today the launch of the Peak Retirement™
Target Date Fund Series (PRF). The series is comprised of 12
outcome-oriented target date funds offered in five-year
increments.
The fund offerings include:
Invesco Peak
Retirement™ Now Fund
|
Invesco Peak
Retirement™ 2040 Fund
|
Invesco Peak
Retirement™ 2015 Fund
|
Invesco Peak
Retirement™ 2045 Fund
|
Invesco Peak
Retirement™ 2020 Fund
|
Invesco Peak
Retirement™ 2050 Fund
|
Invesco Peak
Retirement™ 2025 Fund
|
Invesco Peak
Retirement™ 2055 Fund
|
Invesco Peak
Retirement™ 2030 Fund
|
Invesco Peak
Retirement™ 2060 Fund
|
Invesco Peak
Retirement™ 2035 Fund
|
Invesco Peak
Retirement™ 2065 Fund
|
The investment approach for the funds will follow a glide path,
managed by Invesco Global Solutions Development &
Implementation Team. The glide path adjusts the underlying
asset classes periodically to become more conservative as the
stated target retirement date approaches.
"Invesco's new target date series is one of the few to include
active, passive and factor-based strategies along with alternatives
exposure in a cost-efficient package," said John Galateria, head of Invesco's Institutional
business. "The unique investment approach to volatility seeks
to limit the range of outcomes, which is critical, particularly for
participants approaching retirement."
Key portfolio characteristics include: a "through retirement"
glide path designed to account for an investor's full life
expectancy, a managed volatility approach as well as portfolios
combining active strategies plus factor-based and
market-cap-weighted exchange-traded funds. Alternatives
seeking to generate higher risk-adjusted returns and downside
protection are also part of the mix. Invesco is dedicated to
developing multi-asset strategies that are outcome-oriented,
needs-based and client-centric. The deep and tenured investment
team includes over 20 investment professionals with asset
allocation specialization.
"Invesco Global Solutions brings together all of Invesco's
diverse active, passive and alternative investment capabilities,"
said Galateria. "We are fortunate to be able to utilize our
knowledge of and experience in global markets, and provide
differentiated and outcome oriented solutions."
As part of a long term strategic plan, Invesco will be expanding
its defined contribution product offerings, leveraging its global
solutions capabilities.
About Invesco
Invesco is an independent investment
management firm dedicated to delivering an investment experience
that helps people get more out of life. NYSE: IVZ.
The funds are subject to the risks of the underlying funds.
Market fluctuations may change the target weightings in the
underlying funds and certain factors may cause the fund to withdraw
its investments therein at a disadvantageous time.
Alternative products typically hold more non-traditional
investments and employ more complex trading strategies, including
hedging and leveraging through derivatives, short selling and
opportunistic strategies that change with market conditions.
Investors considering alternatives should be aware of their unique
characteristics and additional risks from the strategies they use.
Like all investments, performance will fluctuate.
A target date fund identifies a specific time at which investors
are expected to begin making withdrawals, e.g., Now, 2020, 2030.
The principal value of the fund is not guaranteed at any time,
including at the target date.
The funds' strategy for managing portfolio volatility may not
produce the desired result, and maintenance of the threshold
volatility level will not ensure competitive returns.
The funds are subject to certain other risks. Please see the
prospectus for more information regarding the risks associated with
an investment in the funds.
Before investing, investors should carefully read the
prospectus and/or summary prospectus and carefully consider the
investment objectives, risks, charges and expenses. For this and
more complete information about the fund(s), investors should
contact their advisors for a prospectus and/or summary prospectus
or visit invesco.com/fundprospectus.
Invesco Distributors, Inc. is the US distributor for Invesco
Ltd. and is a wholly owned, indirect subsidiary of Invesco Ltd.
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SOURCE Invesco Ltd.