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Invesco, AIM Funds to Undergo Major Overhaul

The fund families will merge and change the management of several offerings.

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 Amvescap (AVZ) has announced a major overhaul of its AIM and Invesco fund families, including several significant mergers and management changes.

All told, the London-based firm is merging away 14 Invesco funds and six AIM funds, and replacing several managers, including Charles Mayer, Invesco’s director of value and fixed-income investments, according to filings with the Securities and Exchange Commission. If shareholders approve, the consolidations could take place in November.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.