As of February 27, 2019, Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Multi-Strategy Alternative ETF has gone out of business. Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Multi-Strategy Alternative ETF is an exchange traded fund launched and managed Invesco Capital Management LLC. It is co-managed by Invesco Advisers, Inc. The fund invests in the public equity, fixed income, and currency markets of the United States. It takes long and short positions to invest in securities. For its equity portion, the fund invests directly and through other funds and derivatives such as futures in the stocks of companies operating across diversified sectors. It invests in the value stocks of companies across all market capitalizations. For its currency portion, the fund invests in forward currency contracts, Eurodollar interest rate futures or Euro Euribor interest rate futures, and Chicago Board Options Exchange Volatility Index futures contracts. For its fixed income portion, it invests directly and through derivatives such as futures contracts in the short-term obligations issued by the U.S. government, obligations of commercial banks, fixed time deposits and bankers’ acceptances, and commercial paper. The fund employs a market neutral strategy to create its portfolio. It employs a combination of quantitative and fundamental analysis focusing on factors such as quantitative/stylistic strategies, volatility risk premium strategies, carry strategies, relative valuation, publicly-available market information, capture the difference between implied and realized volatility, forward rate bias, and term premium to create its portfolio. The fund benchmarks the performance of its portfolio against the Morgan Stanley Multi-Strategy Alternative Index, the HFRI Macro (Total) Index, and the Bloomberg Barclays U.S. Aggregate Bond Index. It was formerly known as PowerShares Actively Managed Exchange-Traded Fund Trust - PowerShares Multi-Strategy Alternative Portfolio. Invesco Actively Managed Exchange-Traded Fund Trust - Invesco Multi-Strategy Alternative ETF was formed on May 27, 2014 and is domiciled in the United States.