Invesco Aim Announces Launch of AIM V.I. PowerShares ETF Allocation Fund

Invesco Aim announced today the launch of AIM V.I. PowerShares ETF Allocation Fund.

The fund will invest primarily in exchange-traded funds from Invesco PowerShares Capital Management LLC, which offers some of the most innovative ETFs on the market today, and serve as an underlying fund for both variable annuity and variable life products.

Our launch of the AIM V.I. PowerShares ETF Allocation Fund demonstrates the innovative solutions we can deliver to our clients, drawing upon the capabilities and investment expertise from around our global organization, said John Cooper, President and Chief Executive Officer of Invesco Aim Distributors, Inc. We believe this product can serve as a complete portfolio solution for financial advisors and their clients.

AIM V.I. PowerShares ETF Allocation Fund will be tactically managed by the Invesco Multiple Asset Strategies (IMAS) team, a division of Invesco Institutional (N.A.), Inc., a subsidiary of Invesco Ltd. and the sub-advisor for the fund. IMAS provides experienced management in a variety of asset allocation strategies and will seek to deliver an enhanced risk/return profile relative to traditional balanced portfolios through a unique three-tiered strategy that focuses on asset weightings.

  • Risk balancing. Each portfolio component is weighted so that it contributes an equal level of risk to the portfolio. This approach seeks to limit the impact of a single component on the overall fund during periods of underperformance.
  • PowerShares ETFs. Invesco PowerShares has an extensive family of equity and fixed-income ETFs that are based on indexes.
  • Global tactical asset allocation (GTAA). GTAA is an alpha-oriented approach that seeks to identify and isolate alpha* from a number of asset classes and global markets. The IMAS team runs more than $6 billion in GTAA strategies for some of the most sophisticated investors around the world. The team has been managing these strategies for more than seven years with portfolio managers averaging 14 years of industry experience.

* Alpha is a risk-adjusted measure of excess returns generated by a portfolio versus a target benchmark. It subtracts the risk-free rate from both manager and benchmark returns.

About Invesco Aim

Invesco Aim 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.invescoaim.com. Invesco Aim is a service mark of Invesco Aim Management Group, Inc. Invesco Aim Advisors, Inc., Invesco Aim Capital Management, Inc., Invesco Aim Private Asset Management, Inc. and Invesco PowerShares Capital Management LLC are the investment advisors for the products and services represented by Invesco Aim; they each provide investment advisory services to individual and institutional clients and do not sell securities. Invesco Aim Distributors, Inc. is the distributor for the retail mutual funds, the exchange-traded funds and U.S. institutional money market funds represented by Invesco Aim. All of these entities are indirect, wholly owned subsidiaries of Invesco Ltd.

About Invesco PowerShares

Invesco PowerShares is leading the intelligent ETF revolution through its family of more than 100 domestic and international index-based and actively managed exchange-traded funds. With assets under management as of Sept. 30, 2008, of approximately $12 billion, PowerShares ETFs trade on all of the major U.S. stock exchanges that trade ETFs. For more information, please visit us at www.invescopowershares.com.

About Invesco

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.

Risk Information

The fund pursues its investment objectives by investing its assets in other underlying funds rather than investing directly in stocks, bonds, cash or other investments.

Because the fund is a fund of funds, it is subject to the risks associated with the underlying funds in which it invests. There are additional risks of investing in the underlying funds.

There is risk that the advisors evaluations and assumptions regarding the funds broad asset classes or the underlying funds may be incorrect based on actual market conditions, or that the fund will vary from the target weightings in the underlying funds due to factors such as market fluctuations.

There can be no assurance that the underlying funds will achieve their investment objectives, and the performance of the underlying funds may be lower than that of the asset classes they represent. The underlying funds may change their investment objectives or policies without the approval of the fund. If that were to occur, the fund might be forced to withdraw its investments from the underlying funds at an unfavorable time.

The advisor has limited ability to select and substitute the underlying funds in which the fund invests with ETFs outside of PowerShares and mutual funds from within or outside the AIM Family of Funds. The advisor is subject to potential conflicts of interest in selecting underlying funds because it may receive higher fees from certain underlying funds than others. However, as a fiduciary of the fund, the advisor is required to act in the funds best interest when selecting the underlying funds.

The fund is subject to management risk because it is an actively managed portfolio.

The underlying ETFs are not individually redeemable and may only be acquired from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of aggregations of 100,000 shares.

The underlying ETFs may be concentrated in issues in industries or sectors of the economy or may be non-diversified. If the ETF is focused in an industry or sector, it may present more risk than if it were broadly diversified over numerous industries and sectors of the economy.

Some portfolios invest in the securities of non-U.S. issuers and involve risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of changes in currency exchange rates or foreign governmental regulation.

There are risks involved with investing in ETFs including possible loss of money. Index-based ETFs are not actively managed. Index-based ETFs are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.

Shares of the underlying ETFs are not in any way sponsored, endorsed, sold or promoted by any of the ETFs underlying index providers or their affiliates, and these companies make no representation or warranty, express or implied, as to the results to be obtained from the use of the indexes. None of these companies are affiliated with Invesco PowerShares or Invesco Aim Distributors, Inc., nor any of their affiliates. The products are not sponsored, endorsed sold or promoted by any of the Index providers, and the Index providers make no representation regarding the advisability of investing in the underlying ETFs.

The underlying mutual fund is actively managed and is subject to equities securities risk and active trading risks, in addition to other risks disclosed here.

The fund is subject to risks similar to those of investing in any fund of municipal fixed-income securities traded on exchanges, including credit, interest rate and general market risks, as well as those risks related to short selling and margin maintenance.

The fund is also subject to risks associated with an investment in Treasury bond securities. Please see the prospectus for more complete information regarding an investment in the fund.

Generally, the prices of income securities tend to fall as interest rates rise.

The fund is subject to market fluctuations caused by such factors as economic, political, regulatory or market developments, changes in interest rates and perceived trends in securities prices.

Investing in securities of small and medium-sized companies involves greater risk than is customarily associated with investing in more established companies.

An investment in the securities of non-U.S. issuers involves risks beyond those associated with investments in U.S. securities, including, but not limited to: greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability, negative impact of change in currency exchange rates or foreign governmental regulation.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC.

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. For product and underlying fund prospectuses containing this and other information for any variable annuity or variable life product that invests in the AIM variable insurance funds, contact the offering insurance company. Not all funds and classes are available in all products. Investors should read the prospectuses carefully before investing.

The AIM variable insurance funds are used solely as investment vehicles by insurance company separate accounts to fund variable annuity contracts and variable life insurance policies. Shares of the funds cannot be purchased directly. Expenses and fees are determined by the offering insurance company and will vary. Invesco Aim Distributors, Inc. does not offer any variable products.

Invesco Aim Distributors, Inc.

Invesco Aim

Contacts:

AIM
David Bachert, 713-214-1465
david.bachert@invescoaim.com
or
Ivy McLemore, 713-214-1904
ivy.mclemore@invescoaim.com

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