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Invesco relaunches Asia fund

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Fund manager Invesco has changed the investment strategy of its Asian Share Fund and relaunched it as the Asian Consumer Demand Fund.

The fund now invests in Asia ex-Japan companies that source most of their revenues from growth in consumer demand.

"The Asian region is the world's most dynamic and fast-growing region. Its strong demographic and economic growth profile is set to unleash a consumer demand cycle that we believe is under-appreciated and that has decades to run," Invesco Australia chief executive Mick O'Brien said.