Invesco confirmed today the strength of its U.S. money market funds.
In light of recent events in our industry, and in our ongoing efforts to communicate timely and relevant information to our clients, we continue to emphasize that safety is of paramount importance to the investment process for all of Invesco Aim’s money market funds. Our conservative investment philosophy, which has been in place for more than 27 years, will always focus on our commitment to provide safety, liquidity, and yield - in that order - to our money market fund investors.
All of our Invesco Aim money market portfolios are operating normally and continue to maintain a net asset value of $1.00 per share. In order to provide our clients with additional assurance of Invesco Aim’s adherence to our conservative investment philosophy, we are making available to our clients portfolio holdings on a daily basis.
None of our U.S. money market portfolios has any exposure to Lehman Brothers Holdings Inc. or any of its subsidiaries, American International Group, Inc. (AIG) or Washington Mutual. In fact, during the recent market turbulence, Invesco Aim’s money market funds have not held any securities that have been downgraded by the credit rating agencies.
Invesco Aim’s investment standards are consistent for each investment decision across all asset types in our money funds. The Funds purchase only securities that are rated in the top tier of ratings categories (i.e., at least A-1, P-1, and/or F1, or equivalent long-term rating). After we determine that a security is rated as a top-tier credit we then conduct our own independent analysis to determine whether we believe the security meets, on a continuous basis, our minimal credit risk standards.
Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
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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.
Invesco Aim Distributors, Inc.
Aaron Uhde, 404-479-2956
David Bachert, 713-214-1465