The Oklahoma Employees Retirement System, Oklahoma City, placed the INVESCO Technology fund on watch, because of market-timing charges against INVESCO Funds Group, said Kirk Stebbins, CIO. The technology fund is an investment option in the system's $290 million 457 plan and $67 million 401(a) plan. Trustees will review the fund again at their Feb. 19 meeting. "Watch" implies "a higher level of scrutiny," Mr. Stebbins said; further action against the fund is not imminent, he said. Strategic Investment Solutions is assisting.
Bill Hensel, spokesman for INVESCO Funds parent AMVESCAP, declined to comment.
The plans, which mirror each other, offer 16 investment options. Great-West Life is the record keeper.