INVESCO Funds Group of Denver announced today that American Express Financial Advisors has added INVESCO products to its variable annuity product line.
INVESCO built an institutional sales team in June of 2000 to pursue the rapidly growing variable annuity business (See MFMN 5/07/2001). As a result, 26 additional financial companies have added INVESCO products to their annuity product lines, according to Tom Kolbe, manager of institutional sales for INVESCO Funds Group.
"For over a year, we have worked very hard to increase our presence in the annuity market. Our partnership with American Express is directly in line with our goal of positioning our funds with dynamic financial companies," said Kolbe.
The following four funds were added to the American Express product line: INVESCO Dynamics, INVESCO Financial Services, INVESCO Telecommunications and INVESCO Technology.
INVESCO Funds Group had $41 billion in assets as of June 30.