INVESCO FUNDS ADDED TO AMERICAN EXPRESS PRODUCT LINE
Denver, CO - August 15, 2001 - INVESCO Funds Group announced today that four of its variable annuity funds have been added to the product line of American Express*. The variable investment funds added included one of the company's diversified growth funds: INVESCO Dynamics; as well as three of the company's sector funds: INVESCO Financial Services, INVESCO Telecommunications and INVESCO Technology. A sector fund invests at least 65 percent of its assets in companies principally engaged in one segment of business activity**. "It is gratifying that American Express recognizes both our diversified growth and sector expertise. These portfolios offer an attractive way to target some exciting investment opportunities," said Tom Kolbe, Vice President and Manager of Institutional Sales for INVESCO Funds Group.
Recognizing the rapid growth in variable annuities, INVESCO's institutional sales team has been aggressively pursuing new opportunities in the sub-advisory and insurance trust arena with recognized leaders. "For over a year, we have worked very hard to increase our presence in the annuity market. Our partnership with American Express is directly in line with our goal of positioning our funds with dynamic financial companies," said Kolbe. American Express Financial Advisors is one of the nation's leading financial planning companies. It is part of the American Express Financial Corporation, which currently owns or manages more than $261 billion in assets. Through a network of more than 11,600 financial advisors and its online services, the company provides comprehensive, long-term financial planning and high quality financial products to more than 2.3 million clients throughout the United States.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $41 billion in assets under management (as of 6/30/01), 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 $408 billion in assets under management as of 6/30/01 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."
Editors Note: INVESCO is required to include the following information with their news release. For more information on INVESCO Funds, please call 1-800-255-6927 for a prospectus containing more complete information including management fees, general and fund specific investment risks, and expenses. Please read it carefully before you invest or send money. INVESCO Distributors Inc., Distributor.
*The American Express annuities are issued by IDS Life of New York.**Sector funds may be more volatile than diversified equity funds and are most suitable for the aggressive portion of your portfolio.
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