Invesco shifts gears with balanced fund

In a sign that guaranteed funds are losing steam, Invesco is offering an Asian balanced fund to retail investors.

Invesco has launched an Asian balanced fund for Hong Kong retail investors, a move that highlights how the funds industry is adapting to the end of the craze in capital-guaranteed mutual funds. This open-ended fund is meant to fill a gap in Invesco's current stable, as its balanced products are global, not regional, in focus.

The fund is also registered in Macau and will be offered on an offshore basis to Singaporeans.

First of all, Invesco...

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