INVESCO Launches Three Directional Long-Short (130/30) Strategies

Share Name	Share Symbol	Market	Type
Amvescap	NYSE:AVZ	NYSE	Ordinary Share

Amvescap (NYSE:AVZ)
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Structured Products Utilizes 14-Year Experience in Long-Short Capabilities NEW YORK, April 16 /PRNewswire/ -- INVESCO's Global Structured Products Group has recently been awarded mandates to fund three different directional long-short products. The new strategies are designed to help clients gain additional alpha through the controlled use of shorting within their long-only portfolio. The team-managed portfolios will benefit from the group's more than 14 years experience in shorting equities, dating from the inception of its market neutral equity strategy in 1992. "These offerings are in direct response to our plan sponsors' needs and demands for higher alpha tied to the efficient use of capital," said Russ Kamp, CEO of INVESCO's Global Structured Products Group. "We are excited about making these strategies available to clients who are seeking enhanced alpha strategies while preserving the strong risk control normally associated with our stock selection strategies. These strategies are a natural bridge between our long-only portfolios and our market neutral capabilities which have been in use for 23 and 14 years, respectively." 130/30-type strategies have received increased attention over the past year given their potential to increase alpha in the traditional long-only space, without an appreciable increase in risk (tracking error). Plan sponsors are concerned about low return expectations for large cap equities which represent one of the largest asset allocations in their plan. 130/30-type strategies are managed relative to a market benchmark and maintain the beta of the underlying portfolio. However, all 130/30-type strategies are not the same. These strategies can be managed at the country, region, or global level and can be flexible in terms of style and capitalization focus, as well as the selected benchmark. Most of the funded strategies have been in the large cap core space. If successful, these products have huge potential to capture significant market share. The three INVESCO strategies that have been funded with a combined more than $515 million are: -- A Large Cap Core Directional Long/Short that is benchmarked to the MSCI US index -- A Small Cap Core Directional Long /Short that is benchmarked to the S&P 600 index -- A Large Cap Growth Directional Long/Short that is benchmarked to the Russell 1000 Growth index For more than 23 years, the INVESCO Global Structured Products Group has managed equity strategies using a fundamentally based stock selection process with rigorous risk management in an attempt to provide clients with consistent returns and high information ratios. The 50+ member team manages $30 billion in assets (as of December 31, 2006) from offices located in New York, Boston, and Frankfurt. Additional information is available at http://www.institutional.invesco.com/GSPG . INVESCO is part of AMVESCAP, 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 is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at http://www.amvescap.com/ . DATASOURCE: INVESCO CONTACT: Bill Hensel, Media Relations for INVESCO, +1-404-479-2886, fax +1-404-962-8238, Web site: http://www.amvescap.com/ http://www.institutional.invesco.com/GSPG

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