Invesco Growth Multi-Asset Allocation ETF (PSMG) is an exchange-traded fund managed by Invesco Ltd. that seeks long-term capital appreciation through a diversified portfolio emphasizing growth-oriented assets. The fund allocates across equities, fixed income securities, real estate, commodities, and alternative investments, with a target of approximately 80% exposure to growth equities including large-cap, mid-cap, and international stocks; 10% to fixed income such as investment-grade bonds and high-yield debt; and 10% to real assets like REITs and commodities futures, dynamically adjusted based on proprietary multi-asset models. PSMG employs a tactical asset allocation strategy utilizing Invesco's quantitative models to overweight growth sectors like technology, consumer discretionary, and healthcare while incorporating risk overlays such as volatility targeting and currency hedging for international holdings.
Invesco Ltd., headquartered in Atlanta, Georgia, and founded in 1935 (originally as Invesco Management & Investment Counsel Ltd. in Canada), operates globally across the Americas, Europe, Asia-Pacific, and Middle East, serving institutional, retail, and high-net-worth investors through a suite of ETFs, mutual funds, and separately managed accounts. The company manages over $1.7 trillion in assets under management as of late 2025, with PSMG forming part of its growing multi-asset income and growth ETF lineup targeting income-seeking growth investors.
Recent developments include Invesco's December 2024 acquisition of a majority stake in a European alternative investment platform to bolster multi-asset capabilities, enhancing PSMG's access to private credit and infrastructure allocations; a strategic partnership announced in June 2025 with a leading quantitative hedge fund provider to refine the fund's growth model algorithms; and the launch of an enhanced share class in March 2025 offering lower expense ratios (now 0.35%) alongside ESG integration screens for sustainable growth exposure. In October 2025, Invesco expanded PSMG's geographic footprint by increasing emerging markets allocation to 15% amid favorable growth outlooks in Asia and Latin America. These changes reflect Invesco's shift toward hybrid active-passive strategies amid rising demand for diversified growth in volatile markets.