The Invesco Funds Group of Denver is asking shareholders to approve plans to liquidate two international funds because of the funds' poor growth prospects, lack of assets and inconsistencies with Invesco's investment style, according to a proxy statement the firm filed with the SEC last week. Shareholders will vote at a meeting Nov. 27 to liquidate the Invesco Latin American Growth Fund and the Invesco Pacific Basin Fund.

The regions in which both funds invest have been weak and volatile for an extended period and there are limited investment opportunities, according to the proxy. Also, the funds are inconsistent with Invesco's growth-oriented, stock specific style, according to the proxy.

"Our goal is to ensure that all our products are more consistent with the firm's overall investment approach," said Mark H. Williamson, chairman and CEO of Invesco Funds Group, in the proxy. "Finally, because of the limited investor interest in these funds, we have simply been unable to attract enough shareholders and assets to run these funds."

Both funds have suffered from poor year- to-date performance, according to Morningstar of Chicago. The Latin American Growth Fund has returned negative 10.85 percent while the Pacific Basin Fund has returned negative 35.87 percent. The funds have $26 million and $65 million in assets under management, respectively.

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