It's Time to Close the Door on Invesco
Recent charges raise more doubts about a fund family in decline.
Investors should consider selling their holdings in Invesco Funds.
The securities and consumer fraud charges recently filed against the firm and its chief executive officer by state and federal authorities are more demerits for a fund family that has been in decline. Even before it was implicated in the widening mutual fund trading scandal, Invesco had been struggling with poor performance, significant manager changes, a massive restructuring, and rising expenses. Learning that the fund family accommodated market-timers in the face of evidence that the rapid trades may have impeded portfolio managers and harmed long-term shareholders convinces us Invesco's U.S. mutual funds don't deserve investors' money.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.