Invesco launches third mainland mutual fund

US-based investment manager Invesco has launched its third mainland mutual fund, the South China Morning Post reported. The fund, being sold through its 33%-owned joint venture with Shenzhen-based Great Wall Securities, will invest between 60% and 95% in A shares. Invesco says its other two funds have outperformed the mainland stock markets, producing gains despite the falling A-share markets in Shanghai and Shenzhen, which shed 25% and 20% respectively last year.