INVESCO Funds Group is adding to those funds it is marketing to variable annuity providers. The fund firm is taking focus off its growth funds which have seen their returns evaporate in wake of the tech stock meltdown and is instead pushing other sectors.

The newest addition to its list of variable insurance funds is the INVESCO Leisure Fund, according to Tom Kolbe, senior vice president and national sales manager.

Kolbe was himself recently promoted to head a new sales push into the institutional market, including increasing the firm's variable annuity subadvisory business.

INVESCO has dedicated an institutional sales team for that channel. Its current clients include Manulife Financial, PacLife and American Skandia.

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