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Invesco European Growth A AEDAX

Analyst rating as of

Morningstar’s Analysis

Will AEDAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

This venerable offering should be able to weather a manager departure.

Senior Analyst


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Invesco announced in late May that Invesco European Growth’s co-lead manager, Jason Holzer, will retire as of Sept. 30, 2021. Although the other co-lead manager, Clas Olsson, remains in place, and Borge Endresen--another listed manager who will step up to Holzer’s role--is very experienced and capable, Holzer's title underscores his value. Holzer's impending departure prompts a downgrade of this strategy's People rating to Above Average from High. As a result, the Morningstar Analyst Ratings for all share classes have declined by one notch, with the R6 shares at Silver and all others at Bronze except the costly C shares, which fall to Neutral from Bronze.

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