INVESCO FUNDS ADDED TO PACIFIC LIFE RETAIL PRODUCT LINE
Denver, CO - November 15, 2001 - INVESCO Funds Group announced today that
Pacific Life, one of the nationís leading insurance providers, has selected
the company to sub-advise two retail mutual portfolios. The PF INVESCO
Technology Fund and PF INVESCO Health Sciences* Fund were included in Pacific
Funds, the companyís retail offerings, which were launched in October.
"Having a firm as prestigious as Pacific Life recognize our investment
excellence by using our management expertise for another of their products is
an extreme compliment to what we do. We look forward to a continually growing
partnership with Pacific Life," said Tom Kolbe, National Sales Manager for
INVESCO Funds Group. INVESCO has been managing four sector portfolios,
Technology, Telecommunications, Health Sciences and Financial Services, in
Pacific Lifeís variable product line since January 2001.
Recognizing the rapid growth in variable annuities, INVESCO Funds has
dedicated an institutional sales team to pursue this business. The team is
tasked with servicing existing partners and creating new relationships in the
sub-advisory and insurance trust arena.
Founded in 1868, Pacific Life provides life and health insurance products,
individual annuities and group employee benefits, and offers to individuals,
businesses and pension plans a variety of investment products and services.
Over the past five years, the company has grown from the 23rd to the 14th
largest life insurance company in the nation**. The Pacific Life family of
companies manages more than $335 billion in assets, making it one of the
largest financial institutions in America, and currently counts 81 of the 100
largest U.S. companies as clients***.
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 worldís 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
1-800-255-6927 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.
*A sector fund invests at least 65 percent of its assets in companies
principally engaged in one segment of business activity. Sector Funds may be
more volatile than diversified equity funds and are most suitable for the
aggressive portion of your portfolio.
** The Townsend & Schupp Company, based on assets as of December 31, 2000.
*** Data compiled by Pacific Life using the 2001 Fortune 500® list.
