Yes, that is true of all VFDs. Since they are re-creating the psuedo sine wave, the firing pattern of the transistors is set up to output A-B-C. But in software, you can invert that as well; the VFD really couldn't care less.
Again, that's only relevant when compared to the utility power, and even then, only if there is a bypass switch involved.
I don't think that UPSs give you that option of inverting the output though, at least I have never seen one that did. They technically could do it however since they use the same basic firing methods.