Invesco Mutual Fund has launched Invesco India - Invesco Global Consumer Trends Fund of Fund, an open-ended fund of fund scheme investing in Invesco Global Consumer Trends Fund.
The fund will invest 95% - 100% of its assets in shares of Invesco Global Consumer Trends Fund, a Luxembourg domiciled Invesco fund, which invests 70% - 100% of its assets in a global portfolio of equity securities of companies focused on discretionary consumer needs of individuals.
In a press release, Saurabh Nanavati, CEO, Invesco Mutual Fund said, “While we consume services from many of these companies like Amazon, Netflix, Uber, Sony, Nintendo in India, we are unable to invest and benefit as these companies/businesses are not listed on the stock exchanges in India. More importantly, investors should consider geographical diversification, which often gets less spotlight than perhaps it should as different markets perform differently. Not only does geographic diversification reduce portfolio risk, it also presents some unique investment opportunities and has the potential to enhance portfolio returns.”
