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

There are plenty of choices in the Global - Equity category, but where should you start your research? Well, one fund that may not be worth investigating is Invesco Global Opportunities A (OPGIX). OPGIX possesses a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance.ObjectiveZacks categorizes OPGIX as Global - Equity, which is a segment packed with options. Global - Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.History of Fund/ManagerOPGIX is a part of the Invesco family of funds, a company based out of Kansas City, MO. Invesco Global Opportunities A debuted in October of 1990. Since then, OPGIX has accumulated assets of about $1.39 billion, according to the most recently available information. The fund is currently managed by Maire Lane who has been in charge of the fund since September of 2020.PerformanceObviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of -1.4%, and is in the bottom third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 4.38%, 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. Compared to the category average of 15.24%, the standard deviation of OPGIX over the past three years is 24.78%. The fund's standard deviation over the past 5 years is 24.12% compared to the category average of 14.85%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsWith a 5-year beta of 1.24, the fund is likely to be more volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. OPGIX has generated a negative alpha over the past five years of -17.08, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesFor investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, OPGIX is a load fund. It has an expense ratio of 1.16% compared to the category average of 1.00%. From a cost perspective, OPGIX is actually more expensive than its peers.This fund requires a minimum initial investment of $1,000, and each subsequent investment should be at least $50.Fees charged by investment advisors have not been taken into consideration. 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.This could just be the start of your research on OPGIX in the Global - Equity category. Consider going to www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. 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