Is Invesco Global Opportunities A (OPGIX) a Strong Mutual Fund Pick Right Now?

Having trouble finding a Global - Equity fund? Well, Invesco Global Opportunities A (OPGIX) would not be a good potential starting point right now. OPGIX carries a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance.ObjectiveOPGIX is classified in the Global - Equity segment by Zacks, an area full of possibilities. Even though Global - Equity mutual funds invest in bigger markets like the U.S., Europe, and Japan, these kinds of funds aren't limited by geography. Rather, they offer an investment strategy that utilizes the global economy to provide stable returns.History of Fund/ManagerInvesco is based in Kansas City, MO, and is the manager of OPGIX. The Invesco Global Opportunities A made its debut in October of 1990 and OPGIX has managed to accumulate roughly $1.43 billion in assets, as of the most recently available information. Maire Lane is the fund's current manager and has held that role since September of 2020.PerformanceInvestors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of -2.4%, and is in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of -14.1%, which places it in the bottom third during this time-frame.It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of OPGIX over the past three years is 27.44% compared to the category average of 15.92%. Looking at the past 5 years, the fund's standard deviation is 26.57% compared to the category average of 17.06%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 1.26, which means it is hypothetically more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. OPGIX has generated a negative alpha over the past five years of -16.15, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesAs competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OPGIX is a load fund. It has an expense ratio of 1.19% compared to the category average of 1.01%. OPGIX is actually more expensive than its peers when you consider factors like cost.Investors need to be aware that with this product, the minimum initial investment is $1,000; each subsequent investment needs to be at least $50.Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.Bottom LineOverall, Invesco Global Opportunities A ( OPGIX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, worse downside risk, and higher fees, Invesco Global Opportunities A ( OPGIX ) looks like a somewhat weak choice for investors right now.For additional information on the Global - Equity area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into OPGIX too for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. 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