AIM Dent Demographic Trends Fund Reaches $1 Billion in Assets.Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 29, 2000 A I M Advisors, Inc. (AIM) has announced that AIM Dent Demographic Trends Fund, the only mutual fund to be modeled after the investment philosophies of best-selling author and internationally known strategic consultant Harry S. Dent, Jr., has reached $1 billion in net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. under management. AIM is a member of the AMVESCAP Group (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment services companies. The Fund, which commenced operations on June 7, 1999, is an all-cap growth fund and invests primarily in U.S. companies the portfolio management team believes are likely to benefit from demographic, economic and lifestyle trends. In addition, the Fund seeks long-term capital appreciation by incorporating Dent's investment ideas into AIM's disciplined equity management strategies. AIM Dent Demographic Trends Fund is managed by AIM chief equity officer Edgar M. Larsen, senior portfolio manager Lanny H. Sachnowitz and portfolio manager Derek H. Webb. Through H. S. Dent Advisors, Inc., Mr. Dent serves in a sub-advisory capacity for the Fund, providing co-managers Larsen, Sachnowitz and Webb with macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. and sector research and investment and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. recommendations as it pertains to the Fund's investment objective. Dent, author of "The Great Boom Ahead," "The Roaring 2000s," and "The Roaring 2000s Investor," believes the most fundamental force driving the stock market is people and their predictable spending habits. Dent's research shows that, historically, when a generation reaches its peak spending years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time stock market has responded by moving upward. Dent believes that the Baby Boom generation, the largest in history, has reached its peak spending years and may generate an unprecedented surge in spending. While there is no assurance the historical correlation between spending and the stock market will remain constant, Dent envisions that this potential surge in consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. could consistently drive the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. to new highs well into the next millennium. AIM was founded in 1976 and ranks as the nation's eighth-largest mutual fund complex, according to according to prep. 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 $160 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 6.6 million shareholders as of Dec. 31, 1999. AMVESCAP PLC had $357 billion in assets under management as of Dec. 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 investing or sending money. For more information about AIM, visit our Web site: http://www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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