AIM Investments(R) Announces Management Change on AIM Technology Fund
March 12 2007 - 4:31PM
Business Wire
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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