Three AIM Funds Receive 2008 Lipper Awards
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HOUSTON--(Business Wire)--
Invesco Aim announced today that three of its funds were
recognized for performance excellence at the 2008 Lipper Funds Awards
ceremony held last night in New York City.
-- AIM European Small Company (A Shares) and AIM Floating Rate
Fund (A Shares) were recognized for their consistent
performance over the three-year period ending in 2007. This
was the second consecutive year AIM European Small Company
Fund was recognized for its performance over the trailing
three-year period.
-- AIM European Growth Fund (A Shares) received honors for its
consistent performance for the 10-year period ending in 2007.
"We're very proud to be acknowledged for the longer-term
performance of our funds," said Phil Taylor, Senior Managing Director
of Invesco's North American retail asset management business,
including Invesco Aim. "Our goal is to build and protect the wealth of
investors, and these awards continue to be recognition of our
long-term success."
AIM European Small Company Fund (A Shares) was ranked No. 1 of 90
European Region funds for three years and No. 9 of 83 for five years
ending 12/31/07. The fund's inception date was 8/31/00. Had fees not
been waived and/or expenses reimbursed in the past, the rankings could
have been lower. Using the investment team's time-tested Earnings,
Quality and Valuation (EQV) approach, this fund seeks long-term growth
of capital by investing in reasonably priced, quality small-cap
European companies demonstrating consistent and improving earnings
growth - growth not yet reflected in the price of the stock. The Fund
is managed by Jason Holzer (lead) and Borge Endresen (assisted by the
Europe/Canadian team).
AIM Floating Rate Fund (A Shares) was ranked No. 1 of 40 Loan
Participation Funds for three years and No. 2 of 21 for five years
ending 12/31/07. Had fees not been waived and/or expenses reimbursed
in the past, the rankings could have been lower. The fund seeks to
provide a high level of current income, and secondarily, preservation
of principal by investing at least 80% of its assets in senior secured
floating rate loans and other leveraged bank loan-related securities.
The fund is managed by Thomas Ewald (lead) and Gregory Stoeckle.
AIM European Growth Fund (A Shares), also using the EQV investment
approach, was ranked No. 1 of 36 European Region Funds for 10 years,
No. 42 of 83 for five years and No. 57 of 90 for three years ending
12/31/07. The fund seeks long-term growth of capital by investing in
reasonably priced, quality European companies of all market
capitalizations with strong fundamentals and/or accelerating earnings
growth. The fund is managed by Clas Olsson (lead-large caps) and Jason
Holzer (lead-small and mid caps), Matthew Dennis, Borge Endresen and
Richard Nield (assisted by the Europe/Canada team).
The Lipper Fund Awards program highlights funds that have excelled
in delivering consistently strong risk-adjusted performance, relative
to peers. The awards are given to funds in 21 countries in Asia,
Europe and the United States. Lipper designates award-winning funds in
most individual classifications for the three-, five- and 10-year
periods.
Lipper Fund Awards are based on Lipper's Consistent Return
calculation. Lipper scores for Consistent Return reflect funds'
historical risk-adjusted returns relative to funds in the same Lipper
classification and include each fund's expenses and reinvested
distributions, but exclude sales charges. Classification averages are
calculated with all eligible share classes for each eligible
classification. The highest Lipper Leader for Consistent Return
(Effective Return) value within each eligible classification
determines the fund classification winner over three, five or 10
years.
Lipper Inc., a wholly owned subsidiary of Reuters, is a leading
global provider of mutual fund information and analysis to fund
companies, financial intermediaries and media organizations.
About Invesco Aim
Invesco Aim 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.invescoaim.com. Invesco Aim is a service mark
of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc.,
Invesco Aim Capital Management, Inc., Invesco Aim Private Asset
Management, Inc. and Invesco PowerShares Capital Management LLC are
the investment advisors for the products and services represented by
Invesco Aim; they each provide investment advisory services to
individual and institutional clients and do not sell securities.
Invesco Aim Distributors, Inc. is the distributor for the retail
mutual funds, the exchange-traded funds and U.S. institutional money
market funds represented by Invesco Aim. All of these entities are
indirect, wholly owned subsidiaries of Invesco Ltd.
About Invesco
Invesco is a leading independent global investment management
company, dedicated to helping people worldwide build their financial
security. By delivering the combined power of our distinctive
worldwide investment management capabilities, including AIM, Atlantic
Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco
provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is listed on the New York Stock
Exchange under 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:
Risks of Investing in the Funds
AIM European Small Company Fund
-- A 2% redemption fee will be imposed on certain redemptions or
exchanges out of the fund within 30 days of purchase.
Exceptions to the redemption fee are listed in the fund's
prospectus.
-- The values of convertible securities in which the fund invests
may be affected by market interest rates, the risk that the
issuer may default on interest or principal payments, and the
value of the underlying common stock into which these
securities may be converted.
-- Investing in developing countries can add additional risk such
as high rates of inflation or sharply devalued their
currencies against the U.S. Dollar. Transaction costs are
often higher and there may be delays in settlement procedures.
-- Prices of equity securities change in response to many factors
including the historical and prospective earnings of the
issuer, the value of its assets, general economic conditions,
interest rates, investor perceptions and market liquidity.
-- Foreign securities have additional risks including exchange
rate changes, political and economic upheaval, the relative
lack of information, relatively low market liquidity and the
potential lack of strict financial and accounting controls and
standards.
-- Non-diversification increases the risk that the value of the
fund's shares may vary more widely, and the fund may be
subject to greater investment and credit risk than if it
invested more broadly.
-- Investing in a fund that invests in smaller companies involves
risks not associated with investing in more established
companies, such as business risk, stock price fluctuations and
illiquidity.
AIM Floating Rate Fund
-- Credit risk is the risk of loss on an investment due to the
deterioration of an issuer's financial health. Such a
deterioration of financial health may result in a reduction of
the credit rating of the issuer's securities and may lead to
the issuer's inability to honor its contractual obligations
including making timely payment of interest and principal.
-- Foreign securities have additional risks including exchange
rate changes, political and economic upheaval, the relative
lack of information, relatively low market liquidity and the
potential lack of strict financial and accounting controls and
standards.
-- Interest rate risk refers to the risk that bond prices
generally fall as interest rates rise; conversely, bond prices
generally rise as interest rates fall.
-- The fund may use enhanced investment techniques such as
leveraging and derivatives. Leveraging entails risks such as
magnifying changes in the value of the portfolio's securities.
Derivatives are subject to counterparty risk -- the risk that
the other party will not complete the transaction with the
fund.
-- A majority of the fund's assets are likely to be invested in
loans and securities that are less liquid than those rated on
national exchanges.
-- The value of lower quality debt securities and floating rate
loans can be more volatile due to increased sensitivity to
adverse issuer, political, regulatory, market, or economic
developments.
-- There is no guarantee that the investment techniques and risk
analyses used by the fund's portfolio managers will produce
the desired results.
-- The prices of securities held by the fund may decline in
response to market risks.
-- Non-diversification increases the risk that the value of the
fund's shares may vary more widely, and the fund may be
subject to greater investment and credit risk than if the fund
invested more broadly.
-- The ability of an issuer of a floating rate loan or debt
security to repay principal prior to maturity can limit the
potential for gains by the fund.
-- To the extent that the fund is concentrated in securities of
issuers in the banking and financial services industries, the
fun's performance will depend to a greater extent on the
overall condition of those industries. The value of these
securities can be sensitive to changes in government
regulation and interest rates and economic downturns in the
U.S. and abroad.
-- The fund may invest in senior-secured, floating-rate loans and
debt securities that require collateral. There is a risk that
the value of the collateral may not be sufficient to cover the
amount owed, collateral securing a loan may be found invalid,
and collateral may be used to pay other outstanding
obligations of the borrower under applicable law or may be
difficult to sell. There is also the risk that the collateral
may be difficult to liquidate or that a majority of the
collateral may be illiquid.
AIM European Growth Fund
-- A 2% redemption fee will be imposed on certain redemptions or
exchanges out of the fund within 30 days of purchase.
Exceptions to the redemption fee are listed in the fund's
prospectus.
-- Investing in developing countries can add additional risk such
as high rates of inflation or sharply devalued their
currencies against the U.S. Dollar. Transaction costs are
often higher and there may be delays in settlement procedures.
-- Prices of equity securities change in response to many factors
including the historical and prospective earnings of the
issuer, the value of its assets, general economic conditions,
interest rates, investor perceptions and market liquidity.
-- Foreign securities have additional risks including exchange
rate changes, political and economic upheaval, the relative
lack of information, relatively low market liquidity and the
potential lack of strict financial and accounting controls and
standards.
-- Investing in a fund that invests in smaller companies involves
risks not associated with investing in more established
companies, such as business risk, stock price fluctuations and
illiquidity.
Please see each fund's prospectus for more information about the
risks of investing in these funds.
Lipper Disclaimer
Although Lipper makes reasonable efforts to ensure the accuracy
and reliability of its data, the accuracy is not guaranteed by Lipper.
Users acknowledge that they have not relied upon any warranty,
condition, guarantee, or representation made by Lipper. Any use of the
data for analyzing, managing, or trading financial instruments is at
the user's own risk. This is not an offer to buy or sell securities.
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.
Invesco Aim Distributors, Inc.
Invesco Aim, Houston
David Bachert, 713-214-1465
david.bachert@invescoaim.com
or
Ivy McLemore, 713-214-1904
ivy.mclemore@invescoaim.com
Copyright Business Wire 2008
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