INVESCO will distribute more than 50 offshore funds through its network of broker/dealers, banks, insurance companies and independent advisers, the firm said. The non-resident client market represents "a great business opportunity," said Ray Cunningham, president of INVESCO Funds Group.
In addition, INVESCO Funds Group the offshore products will give advisers another product that will satisfy the needs of a certain segment of their client base, said Rino Schena, head of INVESCOs non-resident client business.
INVESCO Funds Group is a subsidiary of London-based AMVESCAP Plc. As of the end of September, the firm had approximately $30 billion in assets under management.
