Shareholders of eight Invesco Funds gave their thumbs up to reorganization plans. The approval means that seven of the funds will be folded into similar AIM Funds. An eighth fund will become part of an Invesco Fund.

Aim officials expect the merging of the funds to finish by November 3, 2003.

Shareholders also gave the nod to plans to fold the Invesco European Fund into AIM European Growth Fund at a later date.

The eight mergers include:

INVESCO Balanced Fund into INVESCO Total Return Fund

INVESCO Cash Reserves Fund into AIM Money Market Fund

INVESCO Growth Fund into AIM Large Cap Growth Fund

INVESCO Growth & Income Fund into AIM Blue Chip Fund

INVESCO Real Estate Opportunity Fund into AIM Real Estate Fund

INVESCO Tax-Free Money Fund into AIM Tax-Exempt Cash Fund

INVESCO Value Equity Fund into AIM Large Cap Basic Value Fund  

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