5 New Morningstar Medalists You Might Like to Know
Check out our new coverage of funds from Invesco, Vanguard, and Prudential.
We’ve been adding quite a few funds to coverage in recent months, so I thought I would bring you up to speed on some of the better ones. Although some of these are nominally load funds, all are available for no-load in no-transaction-fee supermarkets from the likes of Schwab and Fidelity, or available for no fee straight from Vanguard.
Invesco Asia Pacific Growth (ASIAX) is the rare fund to start off with a Morningstar Analyst Rating of Silver. We know lead manager Steve Cao and his team from other Invesco funds such as Invesco International Small Company (IEGAX) and Invesco Developing Markets (GTDDX), where they’ve produced strong long-term results. Over Cao’s 19-year tenure, the fund has produced annualized returns of 8.73% versus 7.1% for the Pacific/Asia ex-Japan stock Morningstar Category and 5.89% for the MSCI AC Far East Ex-Japan Index. They evaluate companies using an earnings, quality, and value framework. Although there’s a lot of drama in Asian markets, Cao and his team are patient low-turnover investors.
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.