INVESCO FUNDS SELECTED AS LIPPER LEADERS
Denver, CO - December 19, 2001 - INVESCO Funds Group announced today that four of its funds have been awarded the distinction of Lipper Leader: INVESCO Equity Income, INVESCO Real Estate Opportunity, INVESCO Leisure, and INVESCO Mid-Cap Growth (institutional). Lipper, a leading provider of fund research, fund intelligence and industry benchmarks for evaluating funds, recently introduced Lipper Leaders. Lipper Leaders focus on specific investor-centered criteria to measure a fund’s performance. "With the abundance of funds on the market, Lipper Leaders assist the investor in finding a fund to meet their financial needs," said Ray Cunningham, President of INVESCO Funds Group.The new rating system is targeted to funds that have excelled in certain categories. Lipper has introduced two initial categories, "Consistent Returns1," those funds which have shown consistent strong performance compared to their peers, and "Capital Preservation," funds which minimize losses and reduce negative performance. INVESCO Equity Income and INVESCO Real Estate Opportunity were awarded "Capital Preservation" awards while INVESCO Leisure and INVESCO Mid-Cap Growth1 were awarded "Consistent Returns" awards.
INVESCO Funds Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $30 billion in assets under management (as of 9/30/01), and is one of the premier mutual fund management companies in the United States. It provides a wide and innovative range of investment products and services to individuals and institutions. AMVESCAP has over $361 billion in assets under management (as of 9/30/01) and is one of the world’s largest individual investment managers, operating under the AIM and INVESCO brand names. The Company is listed on the London, New York, Paris, Toronto and Frankfurt Stock Exchanges with the symbol "AVZ."
Lipper Leader for Consistent Return ratings reflect the degree of a fund’s historical success in achieving superior risk-adjusted returns, adjusted for volatility,relative to peers for the three years ended 11/30/01. The ratings are subject to change every month. Twenty percent of funds analyzed are named Lipper Leaders for Consistent Return.
INVESCO Mid-cap Growth was rated among 245 funds in the mid-growth funds class for the three-year period. INVESCO Leisure was rated among 67 funds in the specialty/miscellaneous funds class for a three-year period. Lipper Leader ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Lipper Leader ratings copyright 2001, Reuters, All Rights Reserved.
Lipper Leader for Preservation ratings reflect the degree of a fund’s historical success in avoiding periods of losses relative to other funds within the same asset class for the three years ended 11/30/01. The ratings are subject to change every month. Twenty percent of funds ananlyzed are named Lipper Leaders for Preservation. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity mixed equity funds than for fixed income funds.
INVESCO Equity Income was rated among 157 funds in the equity income funds class for the three-year period. INVESCO Real Estate Opportunity was rated among 104 fund in the real estate funds class for a three-year period.. Lipper Leader ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. . More information is available at www.lipperleaders.com. Lipper Leader ratings copyright 2001, Reuters, All Rights Reserved.
For quarter ending 9/30/01, INVESCO Equity Income (investor class): 1- year (20.74%), 3- year 2.29%, 5- year 8.04%, and 10- year 9.76% As of 11/30/01 1-year (9.88%) 3-year 1.37% 5-year 7.61% 10-year 10.50%For quarter ending 9/30/01, INVESCO Real Estate Opportunity (investor class): 1- year (6.23%), 3- year 3.25%, since inception 1/2/97.02%11/30/01 1-year 1.14% 3-year 4.10% since inception 1/2/97 .77%For quarter ending 9/30/01, INVESCO Leisure (investor class): 1- year (18.22%), 3- year 17.32%, 5- year 16.09% and 10- year 16.99% 11/30/01 1-year 4.04% 3-year 18.76% 5-year 19.53% 10-year 18.56%For quarter ending 9/30/01, INVESCO Mid-cap(institutional class): 1- year (34.15%), 3- year 10.70%, or since inception 9/10/98 10.09%11/30/01 1-year (7.48%) 3-year 11.45% since inception 9/10/98 14.37%Past performance is not a guarantee of future results. 1-year returns are cumulative. 3- and 5- year and since inception returns are average
annualized. Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that, when redeemed, an investor’s shares may be worth more or less than when purchased.
The real estate industry is highly cyclical, and the value of securities issued by companies doing business in that sector may fluctuate widely. The real estate industry - and, therefore, the performance of the fund - is highly sensitive to economic conditions, interest rates, property taxes, overbuilding, real estate values and changes in rental income.
Sector funds may experience greater short-term price volatility than more diversified equity funds, and are most suitable for the aggressive portion of an investment portfolio.
Editors Note: We are required to include the following information with our news release. For more information on INVESCO Funds, please call 1-800-255-6927 for a prospectus containing more complete information including management fees and expenses. Please read it carefully before you invest or send money. INVESCO Distributors Inc., Distributor.
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