HOUSTON, Sept. 6, 2012 /PRNewswire/ -- Invesco's Balanced-Risk Allocation strategy has been named the winner of the Strategic Beta Management category for the 2012 aiCIO Industry Innovation Awards. A presentation ceremony will be held Dec. 4 in New York. (Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-a ) The aiCIO Industry Innovation Awards are split into two general categories, including asset management/servicing, and are chosen entirely by the aiCIO editorial team using input from their advisory board as well as surveys and applicable data. The aiCIO editorial team cited a combination of the Invesco Balanced-Risk Allocation strategy and Invesco's strong advocacy for the inclusion of risk-parity strategies within defined contribution plans and target-date funds for providing the advantage needed in the competitive Strategic Beta Management category. "This award continues the strong recognition for our risk-balanced management approach that has served retail and institutional investors well," said Scott Wolle, CIO of Invesco Global Asset Allocation. "It's a strategy we believe will become increasingly important to plan sponsors and their participants going forward, whether through an allocation within a custom target-date fund glide path as a better balanced fund, or through our target-date series." With the convergence of two trends – the transition of defined contribution plans to a primary means of retirement savings and the projected concentration of assets in target-date funds – many companies are re-examining their target-date fund options. The Invesco Balanced-Risk Allocation strategy invests in bond, equity, and commodity markets and seeks to build a portfolio that may perform well in diverse economic environments while balancing investment risk. For those companies with custom target-date funds, the strategy can help plan sponsors balance the risk across the glide path of their target-date funds so plan participants are less reliant on any specific type of economic environment for their retirement security.