Invesco has launched a new institutional portable alpha strategy that combines traditional international equity index exposure with its Global Tactical Asset Allocation(GTAA)capability.
The Invesco GTAA Alpha Overlay – International Equity strategy, initially funded with US$500 million in December 2006, is designed to outperform the MSCI EAFE Index with a low correlation to traditional markets.
“This new strategy was created in response to client interest in increasing their exposure to international equities while seeking non-traditional sources of alpha such as GTAA,” explains Kirk Holland, managing director of the company’s Atlanta Investment Group.
Launched in 2001, Invesco’s GTAA strategy is managed by the firm’s Atlanta-based Multiple Asset Strategies investment team.
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