The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Invesco Loses Asian Distributor for Now Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, January 09, 2004

Invesco Loses Asian Distributor for Now

by: Sean Hanna, Editor in Chief

Invesco Funds has lost a distributor in the Far East because of the fund scandal in the United States.

Standard Charter, a London bank that primarily sells mutual funds in Singapore and Hong Kong, said on Friday that it suspended sales of Invesco funds in December because of allegations by New York State Attorney General and the SEC that executives at Invesco entered into market timing arrangements that potentially harmed shareholders.

Amvescap, the parent of Invesco Funds, has disputed the allegations that the arrangements harmed shareholders and has said that it is fully cooperating the with investigators.

Officials at Standard Charter said that they bank will suspend sales of Invesco Funds until the investigation in the United States is resolved.

The funds sold by Standard Charter are registered in the local Asian markets and are not the same securities that are sold in the United States market.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use