Invesco Starts Allocation Fund

Published October 29, 2008, 1:00 a.m. EDT

Updated October 28, 2008, 6:35 p.m. EDT

1 Min Read

Invesco Aim Management Group Inc., a Houston investment management unit of Invesco Ltd., announced that it has launched the Aim V.I. PowerShares ETF Allocation Fund.

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The fund will invest primarily in exchange-traded funds from Invesco PowerShares Capital Management LLC and will serve as an underlying fund for both variable annuity and variable life products, the unit said Monday.

The Invesco Multiple Asset Strategies team, a division of Invesco Institutional Inc., will manage and subadvise the fund.

Invesco PowerShares Capital Management had $12 billion of exchange-traded fund assets under management as of Sept 30.

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