AIM Europe Growth Fund to Change Name and Investment Focus.HOUSTON--(BUSINESS WIRE)--June 30, 1999-- A I M Advisors, Inc., the investment management subsidiary of A I M Management Group Inc., has announced an anticipated change in the name and investment focus of AIM Europe Growth Fund, formerly GT Global Europe Growth Fund. AIM is a subsidiary of worldwide investment management company AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ). Effective September 1, 1999, AIM Europe Growth Fund will change its name to AIM Euroland Euroland or Eurozone Noun the geographical area containing the countries that have joined the European single currency Euroland n → Eurolandia Growth Fund and will redefine its primary investment area as those European countries that are members of the European Economic and Monetary Union (EMU emu or emeu (both: ē`my  ), common name for a large, flightless bird of Australia, related to the cassowary and the ostrich. ) which have adopted the euro
as their common currency. As of June 30, 1999, the members of the EMU
were Austria, Belgium, Finland, France, Germany, Ireland, Italy,
Luxembourg, The Netherlands, Portugal and Spain. The fund is managed by
Steven Chamberlain.
The fund's investment goal of seeking long-term growth of capital will remain the same. The fund will meet its investment objective by investing at least 65% of its total assets in equity securities of companies domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in countries that are members of the EMU. These countries are designated as the fund's primary investment area. The fund may invest up to 35% of its total assets in equity securities of companies in developed European countries outside its primary investment area. AIM believes these changes in the fund's name and investment focus will position the fund to benefit from investing in large companies in the Euroland region which over time have the potential for strong growth. AIM was founded in 1976 and ranks as the nation's 10th-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 $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 approximately $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 Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select 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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