Invesco Aim Announces Launch of AIM V.I. PowerShares ETF Allocation Fund

Business Wire, Oct 27, 2008

HOUSTON -- Invesco Aim announced today the launch of AIM V.I. PowerShares ETF Allocation Fund.

The fund will invest primarily in exchange-traded funds from Invesco PowerShares Capital Management LLC, which offers some of the most innovative ETFs on the market today, and serve as an underlying fund for both variable annuity and variable life products.

"Our launch of the AIM V.I. PowerShares ETF Allocation Fund demonstrates the innovative solutions we can deliver to our clients, drawing upon the capabilities and investment expertise from around our global organization," said John Cooper, President and Chief Executive Officer of Invesco Aim Distributors, Inc. "We believe this product can serve as a complete portfolio solution for financial advisors and their clients."

AIM V.I. PowerShares ETF Allocation Fund will be tactically managed by the Invesco Multiple Asset Strategies (IMAS) team, a division of Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd. and the sub-advisor for the fund. IMAS provides experienced management in a variety of asset allocation strategies and will seek to deliver an enhanced risk/return profile relative to traditional balanced portfolios through a unique three-tiered strategy that focuses on asset weightings.

* Risk balancing. Each portfolio component is weighted so that it contributes an equal level of risk to the portfolio. This approach seeks to limit the impact of a single component on the overall fund during periods of underperformance.

* PowerShares ETFs. Invesco PowerShares has an extensive family of equity and fixed-income ETFs that are based on indexes.

* Global tactical asset allocation (GTAA). GTAA is an alpha-oriented approach that seeks to identify and isolate alpha* from a number of asset classes and global markets. The IMAS team runs more than $6 billion in GTAA strategies for some of the most sophisticated investors around the world. The team has been managing these strategies for more than seven years with portfolio managers averaging 14 years of industry experience.

* Alpha is a risk-adjusted measure of excess returns generated by a portfolio versus a target benchmark. It subtracts the risk-free rate from both manager and benchmark returns.

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 PowerShares

Invesco PowerShares is leading the intelligent ETF revolution through its family of more than 100 domestic and international index-based and actively managed exchange-traded funds. With assets under management as of Sept. 30, 2008, of approximately $12 billion, PowerShares ETFs trade on all of the major U.S. stock exchanges that trade ETFs. For more information, please visit us at www.invescopowershares.com.

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.

Risk Information

The fund pursues its investment objectives by investing its assets in other underlying funds rather than investing directly in stocks, bonds, cash or other investments.

Because the fund is a fund of funds, it is subject to the risks associated with the underlying funds in which it invests. There are additional risks of investing in the underlying funds.

There is risk that the advisor's evaluations and assumptions regarding the fund's broad asset classes or the underlying funds may be incorrect based on actual market conditions, or that the fund will vary from the target weightings in the underlying funds due to factors such as market fluctuations.