Invesco Global Real Estate Fund Q1 2025 Commentary
2025-05-13 08:48:00 ET
Summary
- REITs outperformed broader equity markets during the quarter. The fund underperformed its benchmark, mainly due to stock selection.
- The fund maintains a balance between select structural growth and cyclical property types at reasonable valuations, with some exposure to what we consider attractively priced REITs offering defensive income.
- Listed real estate companies with favorable cost of capital and strong operating platforms are in our view most likely to find attractive investment opportunities as a new real estate cycle begins.
Standardized performance (%) | as of March 31, 2025 | ||||||||
Quarter | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |||
Class A shares inception: 04/29/05 | NAV | 1.53 | 1.53 | 0.60 | -5.06 | 4.18 | 1.01 | 3.80 | |
Max. Load 5.5% | -4.08 | -4.08 | -4.94 | -6.84 | 3.02 | 0.43 | 3.50 | ||
Class R6 shares inception: 09/24/12 | NAV | 1.54 | 1.54 | 0.97 | -4.64 | 4.67 | 1.47 | 3.33 | |
Class Y shares inception: 10/03/08 | NAV | 1.48 | 1.48 | 0.74 | -4.86 | 4.43 | 1.24 | 4.14 | |
Custom Global Real Estate Index | 1.59 | 1.59 | 3.90 | -4.28 | 5.69 | 1.98 | - | ||
Total return ranking vs. Morningstar Global Real Estate category (Class A shares at NAV) | - | - | 78% (132 of 168) | 71% (120 of 165) | 83% (138 of 161) | 81% (107 of 123) | - |
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Invesco Global Real Estate Fund Q1 2025 Commentary
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