AIM is reopening its Small Cap Growth Fund today. The fund had $712 million in three share clases as of the end of July, according to Morningstar. The fund reopened to qualified retirement plans and 529 programs on June 13. It had been closed since November 8, 1999.



Is AIM sending a flashing signal of a bottom in the Japanese stock market? The Houston-based fund firm is closing its Japan Growth Fund even as the Nikkei stock index has hit a 17 year low. The action stems from the fund being merged into the AIM International Equity Fund and is expected to be complete in September. The Japan Growth fund had gathered just $82 million in assets through the end of June, according to Morningstar, and has lost more than half its assets in the past year.  

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