AIM Investments Announces Launch of Three Mutual Funds; AIM Global Real Estate Fund, Two Allocation Solutions Funds Added To Lineup.
HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy
The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- AIM Investments(R) announced today the launch of AIM Global Real Estate Fund and two Allocation The apportionment or designation of an item for a specific purpose or to a particular place.
In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as 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 REIT
See: Real Estate Investment Trust
See real estate investment trust (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 Long-term
Three or more years. In the context of accounting, more than 1 year.
1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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 Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. diversification Diversification
A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance.
Diversification is possibly the greatest way to reduce the risk. and asset allocation Asset Allocation
The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. 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 Risk Tolerance
The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio.
An investor's risk tolerance varies according to age, income requirements, financial goals, etc. , 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 Diversified Fund
A type of investment fund that contains a wide array of securities and is adequately diversified. A mutual fund classified as a "diversified fund" will actively maintain a high level of diversification in its holdings, thus reducing the amount of risk in the 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These include, for instance, risks relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) 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 Fund of Funds
A mutual fund that invests in other mutual funds.
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. ," 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 Operating expenses
The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. 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 fiduciary (fĭd`shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. 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- micro- - prefix , 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 junk bond, a bond that involves greater than usual risk as an investment and pays a relatively high rate of interest, typically issued by a company lacking an established earnings history or having a questionable credit history. ") has a greater risk of price fluctuation Fluctuation
A price or interest rate change. and loss of principal and income than U.S. government securities, such as U.S. Treasury U.S. Treasury
Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. 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 Mortgage-backed securities (MSBs)
Securities backed by a pool of mortgage loans. , which may lose value if mortgages are prepaid pre·pay
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.
pre·payment n. 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 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 and offshore products. Founded in 1976, AIM Investments had $131 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 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 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.
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 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., Distributor.