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AVZ Amvescap

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Share Name Share Symbol Market Type
Amvescap NYSE:AVZ NYSE Ordinary Share
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AIM Investments(R) Announces Management Change on AIM Technology Fund

12/03/2007 8:31pm

Business Wire


Amvescap (NYSE:AVZ)
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AIM Investments announced today that Lanny H. Sachnowitz, who serves as chief investment officer of AIM’s Growth Investment Management Unit and has 20 years of investment management experience, has become interim portfolio manager of AIM Technology Fund. Mr. Sachnowitz also will be added to the technology management sleeve of AIM Multi-Sector Fund. He will be assisted on both funds by members of AIM’s Technology Team. Mr. Sachnowitz joined AIM in 1987. He replaces Michelle Espelien Fenton, who has left the firm. “We believe fund shareholders will benefit from Lanny’s experience as a growth manager who has followed technology stocks for many years,” said Patrick Farmer, head of North American Investments for AMVESCAP PLC. “As we move forward, we will remain vigilant in our efforts to provide enduring solutions in the best interests of fund shareholders.” About AIM Investments AIM Investments 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.aiminvestments.com. AIM Investments had approximately $149 billion in assets under management as of Feb. 28, 2007. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, 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 AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for our retail, institutional and private wealth management clients around the world. The company, which had approximately $465 billion in assets under management as of Feb. 28, 2007, is listed on the London, New York and Toronto stock exchanges with the symbol “AVZ.” 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 fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc.

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