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AIM Investments Announces Launch of Three Mutual Funds; AIM Global Real Estate Fund, Two Allocation Solutions Funds Added To Lineup.

HOUSTON -- AIM Investments(R) announced today the launch of AIM Global Real Estate Fund and two Allocation Solutions Funds - AIM Moderately Conservative Allocation Fund and AIM Moderate Growth Allocation Fund.

AIM Global Real Estate Fund will provide a broader range of investors an option for investing in real estate securities with the limited offering status of AIM Real Estate Fund, effective at the close of business April 29, 2005. AIM Real Estate Fund will still be available for investment to existing shareholders. Other investors, such as retirement plans and college savings plans, may also open new accounts upon approval of A I M Distributors, Inc., the fund's distributor. A complete list of eligible investors is available in the fund's prospectus.

AIM Global Real Estate Fund will seek to provide investors high total return through growth of capital and current income by investing in real estate securities from a universe much larger than that of the U.S. REIT market. Lead portfolio manager Joe Rodriguez Jr. and his team will look to invest in quality property companies around the globe that will benefit from long-term sector trends.

"These new products continue our commitment to provide shareholders avenues for diversifying their portfolios," said Gene Needles, President and Chief Executive Officer of AIM Distributors.

AIM Moderately Conservative Allocation Fund and AIM Moderate Growth Allocation Fund give AIM five multi-fund portfolios to offer investors looking for diversification and asset allocation solutions. AIM launched AIM Conservative Allocation Fund, AIM Moderate Allocation Fund, and AIM Aggressive Allocation Fund in 2004.

Also effective April 29, 2005, AIM Aggressive Allocation Fund was renamed AIM Growth Allocation Fund.

All five funds offer a wide diversification by investing in nine to 11 professionally managed AIM and AIM Trimark Funds. The portfolios are automatically rebalanced on an annual basis to maintain target asset class allocations.

AIM researched its broad range of mutual funds to determine which funds would best represent each asset class within the two newest portfolios, which are designed to meet an investor's tolerance to risk.

AIM Moderately Conservative Allocation Fund, designed for investors with a low-to-moderate risk tolerance, will be a comprised of a strategic blend of AIM Large Cap Basic Value Fund, AIM Large Cap Growth Fund, AIM Mid Cap Basic Value Fund, AIM Capital Development Fund, AIM International Growth Fund, AIM International Core Equity Fund, AIM Multi-Sector Fund, AIM Total Return Bond Fund, AIM Intermediate Government Fund, AIM Short Term Bond Fund, and AIM High Yield Fund.

AIM Moderate Growth Allocation fund may best meet the needs of investors with a moderate-to-high risk tolerance and a priority on moderate-to-high relative returns. The fund seeks opportunities for capital growth through a variety of mostly equity investments, with some fixed-income investments. AIM Moderate Growth Allocation Fund will be comprised of a strategic blend of AIM Large Cap Basic Value Fund, AIM Large Cap Growth Fund, AIM Mid Cap Basic Value Fund, AIM Dynamics Fund, AIM Small Cap Equity Fund, AIM International Growth Fund, AIM International Core Equity Fund, AIM Multi-Sector Fund, AIM Real Estate Fund, AIM Total Return Bond Fund, and AIM High Yield Fund.

Important Information About AIM Global Real Estate Fund

Investing in a single-sector mutual fund involves greater risk and potential reward than investing in a more diversified fund. The fund invests substantial assets in real estate-oriented companies that present risks not associated with investing in stocks. International investing presents certain risks not associated with investing solely in the United States. These include, for instance, risks relating to fluctuations in the value of the U.S. dollar relative to the value of other currencies, custody arrangements made for foreign holdings, political risks, differences in accounting procedures and the lesser degree of public information required to be provided by non-U.S. companies. Investing in emerging markets involves greater risk and potential reward than investing in more established markets. Rising interest rates will affect the performance of the fund's investments in debt securities.

The fund also may participate in the initial public offering (IPO) market in some market cycles. Because of the fund's small asset base, any investment the fund may make in IPOs may significantly affect the fund's total return. As the fund's assets grow, the impact of IPO investments will decline, which may reduce the effect of IPO investments on the fund's total return.

Important Information About AIM Allocation Solutions Funds

Each fund is a "fund of funds," which means the funds invest their assets in other underlying mutual funds advised by A I M Advisors, Inc. The advisor may change the funds' asset class allocations, the underlying funds or the target weightings in the underlying funds at its discretion.

Investing in funds that invest internationally presents certain risks not associated with investing solely in the United States. These include, for instance, risks relating to fluctuations in the value of the U.S. dollar relative to the value of other currencies, the custody arrangements made for the funds' foreign holdings, political and economic risks, differences in accounting procedures, the lesser degree of public information required to be provided by non-U.S. companies, and relatively low market liquidity.

Investors will bear not just their share of the funds' operational expenses, but also, indirectly, the operating expenses of the underlying funds.

The advisor has the ability to select and substitute the underlying funds in which the funds invest and may be subject to potential conflicts of interest in selecting underlying funds because it may receive higher fees from certain underlying funds than others. However, as a fiduciary to the funds, the advisor is required to act in the funds' best interest when selecting the underlying funds. There is a risk that the advisors' evaluations and assumptions regarding the funds' broad asset classes or the underlying funds in which the funds invest may be incorrect based on actual market conditions. There is a risk that the funds will vary from the target weightings in the underlying funds due to factors such as market fluctuations. There can be no assurance that the underlying funds will achieve their investment objectives, and the performance of the underlying funds may be lower than the asset classes they were selected to represent. The underlying funds may change their investment objectives or policies without the approval of the funds. If that were to occur, the funds might be forced to withdraw their investments from the underlying funds at a time that is unfavorable to the funds.

Rising interest rates will affect the performance of the funds' investments in fixed-income mutual funds.

Important information about AIM Moderately Conservative Allocation Fund, AIM Moderate Allocation Fund, AIM Moderate Growth Allocation Fund and AIM Growth Allocation Fund

Investing in funds that invest in micro-, small- and/or mid-sized companies involves risks not associated with investing in more established companies, such as business risk, stock price fluctuations and illiquidity.

Investing in funds that invest in higher-yielding, lower-rated debt securities (commonly known as "junk bonds") has a greater risk of price fluctuation and loss of principal and income than U.S. government securities, such as U.S. Treasury bills, notes and bonds. Treasuries are guaranteed by the government for repayment of principal and interest if held to maturity. Fund shares are not insured, and their value and yield will vary with market conditions. Investors should carefully assess the risk associated with an investment in the funds.

Important information about AIM Conservative Allocation Fund and AIM Moderately Conservative Allocation Fund

The fund invests in securities issued or backed by the U.S. government, its agencies or instrumentalities. They offer a high degree of safety and, in the case of government securities, are guaranteed as to timely payment of principal and interest if held to maturity. Fund shares are not insured, and their value and yield will vary with market conditions.

Some of the underlying funds may invest in mortgage-backed securities, which may lose value if mortgages are prepaid in response to falling interest rates.

Important information about AIM Moderate Growth Allocation Fund and AIM Growth Allocation Fund

The funds may invest in funds that invest in real estate investment trusts (REITs) that present risks not associated with investing in stocks.

Important information about AIM Moderate Growth Allocation Fund

Some of the underlying funds may invest in mortgage-backed securities, which may lose value if mortgages are prepaid in response to falling interest rates.

Investing in emerging markets involves greater risk and potential reward than investing in more established markets.

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 - mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. Founded in 1976, AIM Investments had $131 billion in assets under management as of March 31, 2005. For more information, visit www.aiminvestments.com. 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

A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $375 billion in assets under management as of March 31, 2005, is listed on the London, New York and Toronto stock exchanges 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., Distributor.
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Publication:Business Wire
Date:Apr 29, 2005
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