AIM Investments(R) Launches AIM Independence Funds.HOUSTON -- AIM Investments has launched the AIM Independence Funds, a series of six target-date maturity portfolios that are the first in the industry to combine actively managed mutual funds and intelligent, rather than market-cap weighted indexing. Each fund will offer investors broad asset class diversification, innovative portfolio construction, an affiliated multi-manager profile, and strategic institutional allocations. "By combining the power of AMVESCAP PLC's distinct worldwide investment management capabilities, we can now offer a suite of funds with a unique blend of products and an unmatched level of diversified management to help investors build better portfolios for retirement," said Philip Taylor, senior managing director and head of AMVESCAP's North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Retail operations. The funds will use a core-plus-satellite construction using strategically selected PowerShares ETFs and AIM mutual funds, which are managed across eight AMVESCAP investment centers in the U.S., Canada and Europe. Each fund holds 15 to 21 underlying products, more than many other target maturity funds. The largest domestic core equity position in each of the funds has been assigned to the PowerShares FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. (TM) RAFI US 1000 Portfolio, named the ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). of 2006 by SmartMoney.com. SmartMoney.com considered performance results, expense ratio, and compelling strategy as the primary criteria for selecting the best ETF. The AIM Independence Funds' multi-manager approach allows the funds to achieve total management diversification and helps minimize the exposure and possible risk associated with single management teams. Additionally, the funds were designed using a strategic asset allocation Strategic Asset Allocation A portfolio strategy that involves periodically rebalancing the portfolio in order to maintain a long-term goal for asset allocation. Notes: At the inception of the portfolio, a "base policy mix" is established based on expected returns. strategy and are periodically rebalanced to maintain the target allocations. Fund < Retirement Year AIM Independence Now Fund < Retire before 2010 AIM Independence 2010 Fund < 2010 - 2014 AIM Independence 2020 Fund < 2015 - 2024 AIM Independence 2030 Fund < 2025 - 2034 AIM Independence 2040 Fund < 2035 - 2044 AIM Independence 2050 Fund < 2045 - 2054 Risks of Investing in AIM Independence Funds New funds opened on Jan. 31, 2007 Principal risks Each fund's investment performance depends on the investment performance of the underlying funds in which it invests. An investment in a fund, because it is a fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. , is subject to the risks associated with investments of the underlying funds in which the fund invests. Among the principal risks of investing in the funds and the underlying funds, which could adversely affect a fund's net asset value, yield and total return, are: All AIM Independence Funds Fund of funds risk * Market risk * Growth investing Growth Investing A strategy whereby an investor seeks out stocks with what they deem good growth potential. In most cases a growth stock is defined as a company whose earnings are expected to grow at an above-average rate than its industry or the overall market. risk * 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. risk * Credit risk * Foreign securities risk * Derivatives risk * Repurchase agreement Repurchase agreement An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. risk * Exchange-traded funds risk * Value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. risk * Equity securities risk * Interest rate risk * High yield risk * Developing markets securities risk * Leverage risk * Active trading risk Additional risks related to all funds except AIM Independence 2050 Fund U.S. government obligations risk * High-coupon U.S. government agency mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. risk Additional risks related to AIM Independence Now Fund, AIM Independence 2010 Fund and AIM Independence 2020 Fund Nondiversification risk * Prepayment risk Prepayment Risk The uncertainty related to unscheduled prepayment in excess of scheduled principal repayment. Notes: This risk is generally associated with mortgage securities. * Floating rate loan risk * Currency/exchange rate risk Additional risks related to AIM Independence 2020 Fund, AIM Independence 2030 Fund, AIM Independence 2040 Fund and AIM Independence 2050 Fund Real estate risk Please see the "Investment Objective, Strategies and Risks" in the funds' prospectus for a description of these risks. There is a risk that you could lose all or a portion of your investment in a fund and that the income you may receive from your investment may vary. The value of your investment in a fund will rise and fall with the prices of the securities held by the underlying funds in which the fund invests. An investment in a fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. or any other governmental agency. About AIM Investments AIM Investments is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios - mutual funds, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.aiminvestments.com. AIM Investments had approximately $153 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. as of Jan. 31, 2007. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About AMVESCAP AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual Invesco Perpetual is an investment company based in Henley-on-Thames, Oxfordshire, England. It was originally founded as by Sir Martyn Arbib and before it merged with Invesco it was known first as Perpetual Mutual then as Perpetual plc. , PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for our retail, institutional and private wealth management clients around the world. The company, which had approximately $469 billion in assets under management as of Jan. 31, 2007, is listed on the London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. with the symbol "AVZ." Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc. |
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