ATLANTA, March 14, 2012 /PRNewswire/ -- Invesco today announced that Scott Wolle, CIO of Invesco Global Asset Allocation, has been named by Institutional Investor Intelligence as one of the 2012 Rising Stars of Mutual Funds.
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The Rising Stars of Mutual Funds are chosen annually by the publishers of Institutional Investor Intelligence and represent up-and-comers whose accomplishments in, and contributions to, the industry make them stand out among their peers and position them as future industry leaders. Rising Stars may hold a variety of executive posts including portfolio management, product development, marketing and relationship management.
Among the specific criteria used by Institutional Investor The Rising Stars of Mutual Funds are chosen annually by the publishers of Institutional Investor Intelligence and represent up-and-comers whose accomplishments in, and contributions to, the industry make them standout among their peers and position them as future industry leaders. Stars may hold a variety of executive posts including portfolio management, product development, marketing and relationship management.to select this year's Rising Stars were an individual's leadership in portfolio returns and/or winning strategies and notable contributions to growth in assets and/or client base.
"The fine work Scott and his team have done have helped place Invesco at the industry forefront in terms of global asset allocation," said Karen Dunn Kelley, Invesco Senior Managing Director and Head of Investments. "It's an asset class we strongly believe will become increasingly important to retail and institutional investors going forward."
In his role with Invesco, Mr. Wolle has responsibility for the Global Asset Allocation team's activities which include both traditional and alternative strategies along with assets spanning global equity, bond, commodity and currency markets. He is among a select group of 13 professionals to be named a 2012 Rising Star.
"I'm pleased to receive this prestigious award on behalf of my team," Mr. Wolle said. "It's most gratifying to see the work we've done to serve our clients recognized in this way."
After managing institutional assets at Invesco for several years, Mr. Wolle began managing his first mutual fund when the Invesco Balanced-Risk Allocation Fund was launched in June 2009. In less than three years, the fund has grown to approximately $5 billion in assets under management* using a risk-balanced investment approach developed by Wolle and his nine-member team.
Mr. Wolle and his Global Asset Allocation team seek to participate meaningfully on the upside and protect on the downside through a risk premium capture strategy that invests in bond, equity, and commodity markets with the objective of building a portfolio that may perform well in diverse economic environments while balancing investment risk.
All seven of Invesco's balanced-risk and target maturity funds managed by Mr. Wolle and his team use this investment methodology.
About Institutional Investor
For more than 40 years, Institutional Investor has recognized people and companies in the U.S. and around the world for performance and professional excellence. The integrity of Institutional Investor's editorial and research-supported rankings and awards have earned the highest regard in the industry and continue to set the standard by which excellence is measured.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.
NOT FDIC INSURED, MAY LOSE VALUE, OFFER NO BANK GUARANTEE
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 ask their advisers for a prospectus/summary prospectus.
*As of March 13, 2012.
Under normal conditions, the strategy invests in derivatives and other financially-linked instruments whose performance is expected to correspond to U.S. and international fixed-income, equity and commodity markets. However, the performance of the asset classes cannot be guaranteed. The derivative investments and enhanced investment techniques (such as leverage) used by the portfolio are subject to greater risks than those associated with investing directly in securities or more traditional instruments.
The opinions expressed by Institutional Investor are subject to change at any time based on market and other conditions and offer no guarantee of future positive performance from any Invesco fund or security mentioned. This recognition is not an offer of investment advice or financial products.
Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time.
SOURCE Invesco
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