U.K. mutual fund company Perpetual will integrate and co-brand its mutual funds with INVESCO UK under the name, INVESCO Perpetual Funds beginning April 6th, according to Perpetual.
The merger is the result of AMVESCAPs acquisition of Perpetuals parent company, Henley-on-Thames of Oxfordshire, UK in December. INVESCO UK is a subsidiary of AMVESCAP of London. In addition to co-branding each of the funds, the integration of the two fund groups will include merging 14 existing funds into similar funds in the combined family. Another 10 funds in the combined family will undergo a further change in their names to better reflect their investment discipline. AMVESCAP is the parent holding company of INVESCO Funds of Denver, INVESCO Institutional of Atlanta and AIM Management of Houston. In addition to purchasing Perpetual, plc last year, AMVESCAP purchased Trimark Financial of Toronto in August of 2000, and announced plans to acquire National Asset Management Company of Louisville, KY. this past February.