Invesco launches Summit Active Asset Allocator Long-Short Fund
In short
Invesco Mutual Fund’s Summit SIF has launched a new fund called the Summit Active Asset Allocator Long-Short Fund.
The offer runs until October 26, and investors need at least Rs 10 lakh to buy in. It may matter for people looking for a multi-asset strategy, but the report does not say how much money it has raised.
What the reporting says
Invesco Mutual Fund’s Summit SIF launched the Summit Active Asset Allocator Long-Short Fund, and the new fund offer is open until October 26 with a minimum investment of Rs 10 lakh. The publisher-supplied summary says the interval strategy seeks exposure to arbitrage opportunities across equities, debt, indices, commodities and special situations. The immediate consequence is a new high-ticket product for investors, while returns, fund size and subscription response are not stated.
Why it matters
Invesco Mutual Fund’s Summit SIF has launched the Summit Active Asset Allocator Long-Short Fund, according to a publisher-supplied summary. The offer stays open until October 26, and the minimum investment is Rs 10 lakh. The strategy is described as an interval product seeking arbitrage opportunities across equities, debt, indices, commodities and special situations. The source does not state expected returns or fund size.