AIM Announces Changes To AIM Global Financial Services Fund.HOUSTON--(BUSINESS WIRE)--June 18, 1999--A I M Advisors, Inc., the investment management subsidiary of A I M Management Group Inc., has announced a change in portfolio management of AIM Global Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Fund, formerly GT Global Financial Services Fund. AIM is a subsidiary of independent global investment manager AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ). Effective June 21, the Fund's management team will be led by Robert Shelton and include Barrett Sides, Brad Conger, and Christopher Perras. The new management team replaces James Ellman, who had been the sole manager on the fund since October 1995. The Fund's objective and investment strategy will remain the same. AIM believes added depth to the Fund's management should benefit shareholders in the long-term. AIM Global Financial Services Fund was one of 25 GT Global Funds that joined the AIM Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". on June 1, 1998. Their addition to the AIM Family of Funds occurred in conjunction with parent company AMVESCAP's acquisition of the Asset Management Division (AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) of the Liechtenstein Global Trust. AMD operated in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. under the brand GT Global. AIM was founded in 1976 and ranks as the nation's 10th-largest mutual fund complex, according to independent mutual fund monitor Strategic Insight, with approximately $112 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and 6.3 million shareholders as of March 31, 1999. AMVESCAP had $280 billion in assets under management as of March 31, 1999. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. For more information about AIM, visit our website: http://www.aimfunds.com A I M Distributors, Inc., Distributor. |
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