Is Invesco Equity & Income A (ACEIX) a Strong Mutual Fund Pick Right Now?

By Zacks3 days ago

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If you've been stuck searching for Large Cap Value funds, you might want to consider passing on by Invesco Equity & Income A (ACEIX) as a possibility. ACEIX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.

Objective

Large Cap Value mutual funds invest in stocks with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value; this value investing strategy often leads to low P/E ratios and high dividend yields, though growth levels are often curtailed. The high-growth opportunity of these funds are slowed even further, as large-cap securities are generally in stable industries with low to moderate growth prospects. Therefore, Large Cap Value funds are usually more appealing to investors who are interested in a stable income stream.

History of Fund/Manager

ACEIX is a part of the Invesco family of funds, a company based out of Kansas City, MO. The Invesco Equity & Income A made its debut in August of 1960 and ACEIX has managed to accumulate roughly $10.11 billion in assets, as of the most recently available information. The fund is currently managed by a team of investment professionals.

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