May 18, 2012 – Effective August 1, the Invesco Small Companies Fund will change its name to Invesco Select Companies Fund, according to a Securities and Exchange Commission filing.
It's one day after the anniversary of the May 6, 2010, Flash Crash. That, of course, is the day that the Dow Jones Industrial Average went down nearly a thousand points. That included a plunge of about 600 points in a matter of minutes, followed by a nearly equal snapback in a similarly short period.
The big guns are now squaring off in one of the tiniest slices of the fund business.
| On the target date; that's what it stands for | 0% |
| 20 years after the target date; retirees might run out of money otherwise | 0% |
| Target-date funds should always maintain exposure to equities | 100% |