Envestnet | PMC and Invesco introduced seven new model portfolios, now available on the Envestnet platform that optimize the advantages of both active and passive fund management. By pairing high-performing mutual funds from Invesco with portfolio construction and asset allocation led by experts at Envestnet | PMC, the portfolio consulting group of Envestnet, the companies have created a suite of products that may allow advisors and investors to enhance returns, improve diversification, reduce volatility and manage downside risk. The Invesco PMC ActivePassive Portfolios are designed for a variety of investor objectives and risk profiles, from capital preservation to moderate growth to aggressive. Each portfolio consists of a combination of actively managed mutual funds from Invesco and low-cost, tax-efficient index funds, all of which Envestnet | PMC has identified as best-in-breed. The Invesco PMC ActivePassive Portfolios are the only Envestnet | PMC-managed ActivePassive portfolios available with liquid alternatives. These portfolios are an evolution of the ActivePassive suite of portfolios built in partnership between Envestnet | PMC and OppenheimerFunds. Following Invesco's acquisition of OppenheimerFunds in 2019, Envestnet | PMC's portfolio managers now have additional funds and capabilities to choose from, giving them more flexibility in how they express their investment views.