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Thursday, July 10, 2008

An Invesco Aim Fund Undergoes a Skipper, Name Change

News summary by MFWire's editors

Invesco Aim has installed a team of 13 from Invesco Global Asset Management to run the AIM Global Value Fund. The group takes over from Glen Hilton, who has left the company.

The fund will have a new moniker, AIM Global Core Equity Fund, starting July 24 to "better reflect the fund’s positioning in the global core space," Invesco Aim officials said Wednesday.

Company Press Release

HOUSTON--(BUSINESS WIRE)--Invesco Aim announced today a team of 13 investment professionals from Invesco Global Asset Management (N.A.), Inc., will provide new management leadership for AIM Global Value Fund.

The fund’s new investment team, which takes over management responsibility today, includes portfolio managers Ingrid Baker, W. Lindsay Davidson, Michele Garren, Erik Granade, and Kent Starke. The five portfolio managers named to the fund have an average of 24 years of investment experience.

The new team replaces portfolio manager Glen Hilton, who has left the firm.

“We welcome the opportunity to provide fund shareholders with access to a much larger and more experienced group of portfolio managers and investment professionals at Invesco who take a team approach to managing global equity portfolios,” said Phil Taylor, Senior Managing Director and Head of Invesco’s North American retail asset management business, including Invesco Aim.

Decisions regarding U.S. and foreign stock selections in the fund’s portfolio are part of an integrated and disciplined process that uses a committee structure.

In addition, effective July 24, the fund’s name will change to AIM Global Core Equity Fund to better reflect the fund’s positioning in the global core space.

About Invesco Aim

Invesco Aim is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios – mutual funds, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.invescoaim.com. Invesco Aim is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc., Invesco Aim Capital Management, Inc., Invesco Aim Private Asset Management, Inc. and Invesco PowerShares Capital Management LLC are the investment advisors for the products and services represented by Invesco Aim; they each provide investment advisory services to individual and institutional clients and do not sell securities. Invesco Aim Distributors, Inc. is the distributor for the retail mutual funds, the exchange-traded funds and U.S. institutional money market funds represented by Invesco Aim. All of these entities are indirect, wholly owned subsidiaries of Invesco Ltd.

About Invesco

Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com 

Edited by: Armie Margaret Lee

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