- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Aim International Mutual Funds (Invesco International Mutual Funds)
- IPO Date
- Jan 2, 2019
- Business
- Invesco International Equity Fund Class A (QIVAX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in equity securities, including depositary receipts, of large- and mid-cap foreign issuers in developed and emerging markets outside the United States; it employs a bottom-up investment process focused on high-quality growth companies exhibiting an attractive combination of earnings growth, quality, and valuation characteristics (EQV approach), with a portfolio typically comprising around 76 securities, 89% in international common stocks, 6% in domestic common stocks, and 4% in cash. The fund, classified in the Foreign Large Growth category by Morningstar, targets investors seeking exposure to global equities beyond the U.S., benchmarked against the MSCI ACWI ex USA Net Return Index, and features a turnover rate of approximately 107%, a minimum investment of $1,000, and yearly distributions. Managed by Invesco Advisers, Inc., with portfolio manager Brent Bates, CFA, CPA, it forms part of the broader offerings from Invesco Ltd., a global investment management firm founded in 1935 and headquartered in Atlanta, Georgia, which oversees approximately $2.17 trillion in assets under management as of October 2025 across mutual funds, ETFs under the PowerShares brand, and alternative investments.
Recent developments for the fund and its parent company include strong asset growth, with total net assets reaching $2.5 billion as of June 30, 2025, and updated fund characteristics showing a 3-year alpha of -5.55%, beta of 0.98, and Sharpe ratio of 0.36; Invesco Ltd. reported preliminary month-end AUM of $2.17 trillion as of October 31, 2025, bolstered by $28.9 billion in net long-term inflows during Q3 2025. In December 2025, Invesco Ltd. announced a strategic partnership with LGT Capital Partners to offer U.S. retail and retirement investors portfolios of private equity, credit, infrastructure, and secondary stakes, marking its second such alliance since April 2025 when it teamed with Barings on private credit funds; earlier in May 2025, the firm repurchased $1 billion of preferred stock from MassMutual, financed by term loans. These initiatives reflect Invesco's ongoing expansion into private markets and alternatives amid fee pressures, following historical acquisitions such as OppenheimerFunds in 2018, which enhanced its mutual fund capabilities including funds like QIVAX.