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Monday, December 21, 2009|
Invesco to Trim Funds Post-Merger
The number of funds in the Invesco Aim fold will go up from 100 to 240 when Invesco's $1.5 billion purchase of Morgan Stanley's retail asset management business, including Van Kampen Investments, closes next year. But by the end of the integration, the number of funds could be down to 130, Bruce Crockett, independent chairman of AIM Funds, told InvestmentNews.
Crockett said Invesco will likely hold on to some Van Kampen municipal bond funds to fill gaps in Invesco's lineup.
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