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Friday, March 31, 2006
AIM Goes Global on Seven New Retail Funds
AIM Investments has launched seven new retail funds, the company announced Friday. This set of products is designed to leverage the expertise of AMVESCAP subsidiaries worldwide for the benefit of AIM clients.
"We are very excited about how these products will benefit from the subadvisory capabilities of large teams of AMVESCAP investment professionals worldwide," said Mark Williamson, president and chief executive of the Houston-based AMVESCAP subsidiary, in a news release. With approximately $128 billion in assets under management, AIM represents almost one third of AMVESCAP's total AUM.
The new offerings are: the AIM China Fund, AIM Japan Fund, AIM Structured Core Fund, AIM Structured Growth Fund, AIM Structured Value Fund, AIM Enhanced Short Bond Fund, and AIM International Bond Fund. Each will be managed with the assistance of input from various INVESCO affiliates.
Portfolio management of the AIM China Fund, for example, will be assisted by INVESCO Hong Kong Ltd, an AMVESCAP subsidiary and one of the region's largest investment managers. The AIM Japan Fund will be managed by a Tokyo-based investment team from INVESCO Asset Management (Japan) Ltd., which has been investing in Japan for about two decades.
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