AIM Investments Announces Launch of Three Funds; AIM Trimark Fund, AIM Trimark Endeavor Fund, and AIM Trimark Small Companies Fund Added to AIM's Diverse List of Investment Solutions.Business Editors HOUSTON--(BUSINESS WIRE)--Nov. 4, 2003 AIM Investments(sm) announced today a partnership with AIM Trimark Investments (AIM Trimark) to launch AIM Trimark Fund, AIM Trimark Endeavor Fund, and AIM Trimark Small Companies Fund. Houston-based AIM Investments and Canada's AIM Trimark comprise the AIM Division of AMVESCAP PLC, one of the world's largest independent investment managers. In this relationship, AIM Investments will distribute products managed by AIM Trimark, one of the most recognized names in fund management in Canada. The launch of these funds marks the arrival and availability of AIM Trimark's well-respected investment discipline to U.S. retail investors Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. . "The investment approach of these AIM Trimark funds is highly complementary to those in our existing AIM Investments lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. and furthers our efforts to build investment solutions for our clients," said Gene Needles, President of A I M Distributors, Inc. All three funds will share a common mandate to seek long-term growth of capital, applying the same time-tested investment strategy that is best described as "business people buying businesses." By viewing each investment as a long-term business investment as opposed to a short-term stock trade, portfolio managers of AIM Trimark ignore much of the short-term market news events that have little impact on an investment's long-term return potential. Instead, fund managers leverage their own in-depth, independent research to identify high-quality businesses that have understandable business models, strong management, defensible de·fen·si·ble adj. Capable of being defended, protected, or justified: defensible arguments. de·fen barriers to entry, and sustainable long-term growth prospects. Managers incorporate elements of both value and 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. to identify those industry-leading companies trading at a discount to their intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. -- the value of the business based on future cash flows, management performance and business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point -- that are also growing that value over time. The strategy produces portfolios that are idea-driven, relatively concentrated, have low turnover, and represent a diversified diversified (di·verˑ·s collection of businesses -- typically industry leaders, which can help reduce industry overlap. Using this strategy, AIM Trimark Fund -- managed by Bill Kanko (lead), Tye Bousada, and Richard Jenkins
Richard Jenkins (born May 4 1947) is an American actor. -- will invest primarily in a portfolio of mid- and large-cap global stocks; AIM Trimark Endeavor Fund -- managed by Geoff McDonald (lead) and Jeff Hyrich -- will focus on a portfolio of mid-cap stocks; and AIM Trimark Small Companies Fund -- managed by Rob Mikalachki -- will primarily consist of small-cap stocks. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It 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 under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $142 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 approximately 11 million shareholders as of September 30, 2003. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, Inc., are the investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and 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 AIM Trimark Investments AIM Trimark Investments is one of Canada's largest mutual fund companies with over $35.8 billion (Canadian) in assets under management, as of September 30, 2003, and more than 900 employees in its Calgary, Montreal, Toronto and Vancouver offices. AIM Trimark Investments and AIM Trimark are service marks of AIM Funds Management, Inc. About AMVESCAP A I M Management Group Inc. and AIM Funds Management, Inc., are subsidiaries of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange : AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $345 billion in assets under management as of September 30, 2003. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM or INVESCO 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. A I M Distributors, Inc., Distributor. |
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