AIM Investments Announces Changes to Management Teams of INVESCO Dynamics Fund, INVESCO Mid-Cap Growth Fund.HOUSTON -- AIM Investments(SM) announced today changes to the management team of INVESCO Dynamics Fund and INVESCO Mid-Cap Mid-cap Short for "Middle Cap," mid cap refers to stocks with a market capitalization of between $2 billion to $10 billion. Notes: As the name implies, a mid-cap is in the middle of the pack. A mid-cap isn't too big, but at the same time has a relatively decent market cap. Growth Fund. Effective July 16, 2004, the management team of both INVESCO funds becomes Paul Rasplicka (lead) and Michael Chapman Michael Chapman can refer to one of the following:
Miller received his Ph.D. and Michelle Espelien Fenton. Mr. Miller, who had been at INVESCO since 1992, is no longer with the company. Mr. Rasplicka joined AIM Investments in 1998 and has 22 years of investment industry experience. Mr. Chapman joined AIM Investments in 2001 with nine years of investment industry experience. The AIM and INVESCO funds are complementary parts of a diversified diversified (di·verˑ·s product line advised by A I M Advisors, Inc., and distributed by A I M Distributors, Inc. Prior to November 25, 2003, INVESCO Funds Group, Inc. served as the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for the INVESCO funds. The management changes will not have a significant impact on the way the funds are managed. The new management team will continue to utilize fundamental analysis to identify stocks with sustainable growth characteristics. However, the team will work to reduce the large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of exposure for the funds, and will place a slightly heavier emphasis on selecting growth stocks with attractive valuations. Investing in small and mid-sized companies, as does AIM Capital Development Fund, INVESCO Dynamics Fund, and INVESCO Mid-Cap Growth Fund, involves greater risks not associated with investing in more established companies such as business risk, significant stock price fluctuations and illiquidity. At any given time, both INVESCO Dynamics Fund and INVESCO Mid-Cap Growth Fund may be subject to sector risk, which means a certain sector may underperform Underperform An analyst recommendation that means a stock is expected to do slightly worse than the market return. Also known as market underperform, moderate sell, or weak hold. other sectors or the market as a whole. The funds are not limited with respect to the sectors in which they can invest. AIM Capital Development Fund and INVESCO Dynamics Fund may also invest up to 25% of their total assets in securities of non-U.S. issuers that involve risks not associated with investing solely in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Securities of Canadian issuers and American Depository Receipts American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. are not subject to this 25% limitation with the INVESCO Dynamics Fund. INVESCO Mid-Cap Growth Fund can invest up to 100% of its assets in foreign securities. International investing presents certain risks not associated with investing solely in the United States. These include, for instance, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc fluctuations in the value of the U.S. dollar relative to the value of other currencies, custody arrangements made for the fund's foreign holdings, political risks, differences in accounting procedures and the lesser degree of public information required to be provided by non-U.S. companies. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It 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 under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $148 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and approximately 11 million shareholders as of March 31, 2004. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, 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 AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $381 billion in assets under management as of March 31, 2004. Additional information is available at www.amvescap.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 or INVESCO fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc., Distributor. |
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