INVESCO FUNDS GROUP PROMOTES CHARLES MAYER
Denver, CO ‚ June 25, 2001 ‚ INVESCO Funds Group, one of the fastest growing mutual fund companies in the United States, has promoted Charles Mayer to Director of Value and Fixed Income Investments. "Over the years, Charlie¼s insight has helped generate superior performance for our shareholders. We look forward to his continued leadership," said Tim Miller, Chief Investment Officer for INVESCO Funds Group.During his tenure at INVESCO Funds Group, Mr. Mayer¼s leadership in the company¼s investment division has included the successful management of equity-income investments and the assimilation of the value investment process. In his new capacity, he will also oversee the management of the company¼s fixed income portfolios. According to Miller, Mr. Mayer¼s promotion is in line with efforts to continue to develop the resources necessary to manage the company¼s extraordinary growth and provide overall strategic direction to the INVESCO Funds investment team.
Mr. Mayer has built an impressive track record managing conservative equity funds. He began his career as a securities analyst and portfolio manager in 1969 and has managed diversified portfolios for thirty years. Since joining INVESCO Funds Group in 1993, Mr. Mayer has assumed portfolio management responsibilities for the INVESCO Equity Income, INVESCO Total Return and INVESCO Value Equity Funds. He is also the co-manager of the INVESCO Balanced Fund.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $37 billion in assets under management (as of 3/31/01), 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 $370 billion in assets under management as of 3/31/01 and is one of the world¼s 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."
Editors Note: We are required to include the following information with our news release. For more information on INVESCO Funds, please call 1-800-525-8085 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.
