Invesco Growth and Income Fund’s Q3 2024 Investor Letter

Invesco Distributors, Inc., an investment management firm, released its “Invesco Growth and Income Fund” third quarter 2024 investor letter. US stocks experienced increases in the third quarter despite a drop in early August as inflation subsided and the Federal Reserve (Fed) initiated its much-anticipated monetary easing cycle. As interest rates became more predictable, investors shifted their focus from technology and artificial intelligence (AI) equities, which had dominated much of 2024, to small-cap and value stocks that may profit from lower rates. Against this benchmark, the fund underperformed the benchmark. The fund’s under performance was driven by the stock selection in the financial, consumer discretionary, information technology (IT), and communication services industries. Relative performance was enhanced by the choice of stocks in consumer staples, industrials, and real estate. In addition, check the fund’s top five holdings to know its best picks in 2024.

A copy of Invesco Growth and Income Fund’s Q3 2024 investor letter can be downloaded here.