AIM Announces Management Changes to AIM Global Infrastructure Fund.HOUSTON--(BUSINESS WIRE)--May 21, 1999--
A I M Advisors, Inc., the investment management subsidiary of A I M Management Group Inc., has announced a change in portfolio management for AIM Global Infrastructure Fund, formerly GT Global Infrastructure Fund. AIM is a subsidiary of independent global investment manager AMVESCAP PLC (NYSE NYSE
See: New York Stock Exchange :AVZ).
Effective May 24, 1999, the Fund's management team will be led by Claude C. Cody IV and include Robert G. Alley alley
an area in a cow barn identified by its particular purpose such as a loafing alley, a walking alley or feeding alley. , Craig A. Smith, Carolyn L. Gibbs, and Meggan M. Walsh. The new management team replaces Brian T. Nelson, who had been the Fund's manager since September of 1997.
The Fund's objective will remain the same. Mr. Cody, Mr. Smith, and Ms. Walsh will manage the equity portion of the Fund, with Mr. Alley and Ms. Gibbs managing the Fund's fixed-income assets. AIM believes that added depth to the Fund's management should benefit shareholders in the long-term.
"Each of the Fund's new managers has experience investing in the infrastructure sector as well as in domestic and foreign markets," said Gary Crum, AIM's director of investments. "As with many of our other Funds, we believe that a team approach to Fund management will benefit our shareholders in the long-run."
AIM Global Infrastructure 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 PLC'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 name GT Global.
AIM was founded in 1976 and ranks as the nation's 10th-largest mutual fund complex, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. 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. AIM is subsidiary of AMVESCAP PLC, one of the world's largest independent investment services companies with $280 billion in assets under management as of March 31, 1999.
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