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.
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