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Thursday, September 20, 2007

AIM Tweaks Portfolio Teams of Two Funds

News summary by MFWire's editors

AIM Investments is making changes to the portfolio management teams of its AIM LIBOR Alpha Fund and AIM International Total Return Fund. The changes will take effect on October 1.


AIM Investments announced today changes to the portfolio management teams of AIM LIBOR Alpha Fund and AIM International Total Return Fund, effective Oct. 1, 2007.

Brendan Gau will become lead manager of AIM LIBOR Alpha Fund and will be joined by Jan Friedli, Mark Gilley, CFA, and Chuck Burge. Mr. Gau, who joined AIM in 1996, is a co-manager on six of AIM’s retail fixed-income funds and is a CFA charterholder. The managers will be supported by the Taxable Investment Grade Bond Team. Former portfolio managers Brian Norris and Jennifer Gilmore will remain part of INVESCO Worldwide Fixed Income’s Portfolio Management and Construction group.

Additionally, Russel Matthews, who has been responsible for AIM International Total Return Fund since its inception on March 31, 2006, will become lead manager of the fund. Mr. Matthews will be paired with Mark Nash, who has been named a manager on the fund and is a CFA charterholder.

About AIM Investments

AIM Investments 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.aiminvestments.com. AIM Investments had approximately $162 billion in assets under management as of Aug. 31, 2007. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments.

About INVESCO

INVESCO PLC is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, PowerShares and WL Ross & Co. brands, INVESCO strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for our retail, institutional and private wealth management clients around the world. The company, which had approximately $492 billion in assets under management as of Aug. 31, 2007, is listed on the London, New York and Toronto stock exchanges with the symbol “IVZ.” Additional information is available at www.invesco.com.

Note to editors -- We are required to include the following information with our news release:

Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing.  

Edited by: Erin Kello


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