INVESCO FUNDS PROMOTES MANAGER OF INVESCO HEALTH SCIENCES FUNDS
Denver, CO - January 26, 2001 - INVESCO Funds Group today announced that Tom Wald has been promoted to lead portfolio manager for both the INVESCO Global Health Sciences and the INVESCO Health Sciences Funds. "Tom is truly an investment professional whose primary goal has been to generate superior performance for our shareholders. We look forward to his leading the investment strategy for our health sciences funds," said Mark Williamson, Chairman and CEO of INVESCO Funds Group. With more than 12 years industry experience, Mr. Wald has an extensive background analyzing health care companies. Co-manager of both funds since November, Mr. Wald's investment objective for the funds will remain one of long-term capital growth through the investment in strongly managed, innovative health care companies, blending well-established firms with faster-growing, more dynamic health care companies. These industries may include biotechnology, pharmaceuticals, medical devices and health care services. John Schroer, former co-manager, has left the company to pursue other interests.
Since 1997, Mr. Wald has had the primary responsibility of managing the health care portion of the INVESCO Dynamics Fund. A Chartered Financial Analyst, Mr. Wald began his investment career in 1988. Prior to joining INVESCO Funds Group, he was the senior health care analyst at Munder Capital Management, Duff & Phelps and Prudential Investment Corporation. Mr. Wald holds an M.B.A. from The Wharton School at the University of Pennsylvania, and a B.A. from Tulane University.
Denver-based INVESCO Funds Group is one of the premier mutual fund management companies in the United States, providing a wide and innovative range of investment products and services to individuals and institutions. It is a subsidiary of AMVESCAP PLC, a worldwide investment management company. AMVESCAP is one of the world's largest individual investment managers, operating under the AIM and INVESCO brand names. AMVESCAP is a holding company offering a broad array of investment products and services to institutions and individuals across all distribution channels. 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 the INVESCO Funds, please call 1-800-255-6927 for a prospectus containing more complete information including management fees, risks, and expenses. Please read it carefully before you invest or send money. INVESCO Distributors Inc. Distributor.
