Envestnet And Invesco Launch ActivePassive Portfolio Suite
Zacks Investment Research | Jan 16, 2020 09:43PM ET
Envestnet, Inc. (NYSE:ENV) and Invesco (NYSE:IVZ) yesterday launched seven new model portfolios that combine active and passive management.
Known as Invesco PMC ActivePassive Portfolios and available on the Envestnet platform, the suite of products has been created by integrating portfolio construction and asset allocation by Envestnet | PMC with high-performing mutual funds from Invesco.
Each portfolio comprises a combination of Envestnet | PMC’s low cost, tax efficient index funds and Invesco’s actively managed mutual funds. They are aimed at enablinginvestors and advisors improve returns, get better diversification, decrease volatility and manage downside risk.
“The Invesco PMC ActivePassive portfolios also include liquid alternative mutual funds, which we believe provide better protection against potential drawdowns in challenging equity markets," said Ryan Tagal, director of product management, Envestnet | PMC.
Envestnet | PMC has been a creator of models that combine active and passive funds for nearly 12 years. It currently offers ActivePassive Portfolios, accounting for $4 billion in assets under management.
The latest offerings are expected to benefit Envestnet Wealth Solutions segment that includes Envestnet | PMC as one of its products and services suite. The segment reported revenues of $188.2 million in the last reported quarter.
Notably, Envestnet shares have gained 46.4% over the past year, outperforming the 39.4% growth of the Zacks Investment Research
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