INVESCO Funds Group has pushed back the date when it will begin selling its formerly no-load products through financial advisers, according to Laura Parsons, a spokeswoman for INVESCO. In late November 2001, the firm announced it would make the substantial transition beginning March 1, 2002. The new target date is April 1, 2002.
The reason for the delay is that INVESCO's mutual fund business partners have asked the firm for more time, Parsons said. INVESCO would not disclose who those partners are or any further details about the delay. In fact, it's unlikely that the firm will make any formal announcement about it at all, Parsons said.