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Invesco Aim to Draw Upon Management Capabilities of Invesco Quantitative Strategies for Two AIM Funds
Business Wire, April 30, 2008
HOUSTON -- Invesco Aim(SM) announced today it will draw from the breadth of investment experience within Invesco Quantitative Strategies to provide management for AIM Global Equity Fund and AIM Select Equity Fund.
Effective May 1, 2008, the new portfolio management team of AIM Global Equity Fund will be composed of Uwe Draeger, Michael Fraikin, Nils Huter, Thorsten Paarmann, and Alexander Uhlmann. Also effective May 1, 2008, the new portfolio management team of AIM Select Equity Fund will be composed of Daniel Kostyk, Jeremy Lefkowitz, Glen Murphy, Anthony Munchak, and Francis Orlando.
Tapping the management experience of Invesco Quantitative Strategies (IQS), the quantitative investment center for Invesco, provides shareholders of these two funds direct access to all the capabilities of IQS, whose strong investment culture and team of 50 professionals manages more than $29 billion for clients around the world. For more than 24 years, IQS has managed equity strategies using an active research-based stock selection process with careful risk management in an attempt to provide clients with consistent returns. Members of the IQS team manage the AIM Structured Core Fund, AIM Structured Growth Fund, and AIM Structured Value Fund.
It is important to note that the investment objectives will not change for either AIM Global Equity Fund or AIM Select Equity Fund.
Duy Nguyen, who had filled portfolio management roles on AIM Global Equity Fund and AIM Select Equity Fund, has been named Director of Quantitative Research. In his new role, Mr. Nguyen will help lead his quantitative research team in an effort to assist in the development and enhancement of investment strategies for Invesco Aim. Derek Izuel, who also had filled portfolio management roles on AIM Global Equity Fund and AIM Select Equity Fund, is leaving the firm.
Invesco Aim also has promoted three senior equity analysts to portfolio managers to further enhance the management teams of the following funds - Jonathan Harrington (AIM Diversified Dividend Fund), Andrew Lees (AIM Energy Fund and AIM Gold & Precious Metals Fund), and Jonathan Edwards (AIM Mid Cap Basic Value Fund).
"Being part of one of the world's largest independent global investment management firms enables us to draw upon Invesco's distinctive worldwide investment management capabilities for the potential benefit of fund shareholders," said Philip Taylor, Senior Managing Director and Head of Invesco's North American retail business, including Invesco Aim. "In addition, part of the strength of our investment culture lies in the continuous development of talent from within our firm."
A complete list of members for the management teams of all AIM funds can be found at www.invescoaim.com by clicking on the Mutual Funds link and then Management Teams.
Also, to provide investors more clarity, the AIM Global Aggressive Growth Fund will be renamed AIM Global Small & Mid Cap Growth Fund, effective May 1, 2008.
About Invesco Aim
Invesco Aim is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios - mutual funds, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.invescoaim.com. Invesco Aim is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc., Invesco Aim Capital Management, Inc., Invesco Aim Private Asset Management, Inc. and Invesco PowerShares Capital Management LLC are the investment advisors for the products and services represented by Invesco Aim; they each provide investment advisory services to individual and institutional clients and do not sell securities. Invesco Aim Distributors, Inc. is the distributor for the retail mutual funds, the exchange-traded funds and U.S. institutional money market funds represented by Invesco Aim. All of these entities are indirect, wholly owned subsidiaries of Invesco Ltd.
About Invesco
Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Note to editors -- We are required to include the following information with our news release:
Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing.
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