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.
