Robert J. Hickey has departed Van Kampen to take the reigns over the INVESCO High Yield Fund and will co-manage the INVESCO Select Income Fund with Richard Hinderlie. Hickey was senior portfolio manager for the Van Kampen High Yield Bond Fund, Van Kampen High Income Trust, Van Kampen High Income Trust II, Van Kampen Income Trust and Van Kampen High Income Corporate Bond funds. At INVESCO he replaces Jerry Paul, who will assume a consultative role through a transition period. Hinderlie will also replace Paul as co-manager of INVESCO Balanced Fund effective today.



Advisors looking for information with which to calm the nerves of jittery investors have a new sheet from Ibbotson Associates. The Chicago firm has put together a one page graphic showing how the Standard & Poor's 500 reacted to past events after one month, six months, one year and three years. The events studied are Pearl Harbor, President Kennedy's assasination, the invastion of Kuwait and the 1993 World Trade Center bombing. Ibbotson plans to email complementary copies of this chart to the investment community to help financial representatives talk with their clients about what they might expect from the market going forward.  

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