INVESCO FUNDS GROUP REMAINS ONE OF THE FASTEST GROWING MUTUAL FUND COMPANIES
Denver, CO ‚ February 20, 2001 ‚ During the volatile market of 2000, INVESCO
Funds Group remained one of the fastest growing mutual fund complexes,
according to data from Strategic Insight. Of the 50 largest firms in the
industry, INVESCO Funds ranked number one in terms of net sales as a
percentage of beginning year assets, with flows to assets of 35 percent,
compared to a top median rate of two percent. "This continued growth is the
result of our employees¼commitment to provide customers with what they value
most: superior investment management, innovative products and customer
service excellence," said Mark Williamson, Chairman and CEO of INVESCO Funds
Group.
Strategic Insight also ranked the company fourth among the 50 largest firms
in terms of asset growth percentage, INVESCO Funds being one of only six
firms to experience a double-digit asset growth percentage- - 33.9 percent.
"This is extremely gratifying, since only 20 firms (or 40 percent) of the 50
largest firms had a positive increase in assets under management," added
Williamson. The company continues a streak of 19 consecutive months of
positive net flows. Only six percent of 623 industry firms have experienced a
similar streak, according to Strategic Insight.
Denver-based INVESCO Funds Group, with over $48 billion in assets under
management (as of 12/31/00), is one of the premier mutual fund management
companies in the United States, providing a wide and innovative range of
investment products and services to individuals and institutions. It is a
subsidiary of AMVESCAP PLC, a worldwide investment management company with
over $402 billion in assets under management (as of 12/31/00). AMVESCAP is
one of the world¼s largest individual investment managers, operating under
the AIM and INVESCO brand names. AMVESCAP is a holding company offering a
broad array of investment products and services to institutions and
individuals across all distribution channels. The Company is listed on the
London, New York, Paris, Toronto and Frankfurt Stock Exchanges with the
symbol "AVZ."
Editors Note: INVESCO is required to include the following information with
their news release. For more information on the INVESCO Funds, please call
1-800-255-6927 for a prospectus containing more complete information
including management fees, general and fund specific investment risks, and
expenses. Please read it carefully before you invest or send money. INVESCO
Distributors Inc., Distributor.
# # # # #
