Invesco Perpetual announces proposals to merge US aggressive, US Smaller Companies and US Equity Funds

Invesco Perpetual announced that, subject to shareholder approval, it will merge both the Invesco Perpetual US Aggressive Fund and Invesco Perpetual US Smaller Companies Fund into the Invesco Perpetual US Equity Fund on 23 May 2008.

The newly merged Invesco Perpetual US Equity Fund will focus on investment in larger companies and will be managed by US fund manager Andrew Shard, who joined Invesco Perpetual in November 2007. In addition to his fund management responsibilities Andrew sits on the Asset Allocation Committee and the Global Select Investment Trust Committee.

Bob Yerbury, CEO/CIO Invesco Perpetual said: "Invesco Perpetual first launched a US Equity fund in September 1983 and as group we have over 25 years experience in managing US equities from Henley.

"In focusing our investment expertise into a single broad-cap US equity Fund and with the recent appointment of Andrew Shard we are taking the necessary steps to reinvigorate our US equity business."