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Invesco Mutual Fund bets on digital lifestyle with Global Consumer Trends Fund
The fund has 67% of its portfolio in the US, followed by 13% in other developed markets and 21% in emerging or frontier markets. Photo: iStockPremium
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Invesco Mutual Fund has launched its Global Consumer Trends Fund of Funds (FoF) focusing on global changes in standard of living, demographics, connectivity and lifestyle. The Fund will feed into the Invesco Global Consumer Trends Fund, a Luxembourg domiciled fund. The underlying fund is benchmarked to the MSCI Consumer Discretionary Index and has a size of $2.76 billion.
The fund, launched on 4 December, is dominated by e-commerce (31%), followed by restaurants, hotels and casinos (22%) and video games, entertainment and software (17%). It is underweight on traditional sectors like automobiles and textiles.