AIM Select Growth Fund to Adjust Investment Strategies, Change Name.Business Editors HOUSTON--(BUSINESS WIRE)--June 19, 2001 A I M Management Group Inc. (AIM) is announcing a revision to the investment focus and name of AIM Select Growth Fund, formerly AIM Growth Fund. AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment managers. Effective on or about July 13, 2001, AIM is repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. the target allocation In air defense, the process, following weapon assignment, of allocating a particular target or area to a specific surface-to-air missile unit or interceptor aircraft. of assets for the AIM Select Growth Fund across AIM's growth, growth at a reasonable price (GARP (General Attributes Registration Protocol) A standard for registering a client station into a multicast domain. See 802.1p. GARP - A graphical language for concurrent programming. ["Visual Concurrent Programmint in GARP", S.K. ), and value investment disciplines. The fund's portfolio management team anticipates, under normal conditions
The fund will continue to be managed by its current team: Polly A. Ahrendts, Claude C. Cody IV, Joel E. Dobberpuhl, Abel Garcia, Paul J. Rasplicka, Jonathan C. Schoolar, Bret W. Stanley, Meggan M. Walsh, Michael Yellen and Kenneth A. Zschappel. The fund's investment focus is being revised to produce a fund with a more diversified 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. , which should reduce the volatility of the returns and reposition the fund as a core product. It also will continue to take advantage of the senior analysts' best ideas across the investment disciplines, as well as overlay a rigorous diversification discipline so that the fund maintains a risk profile with equal weighting among the disciplines. In conjunction with the revision to the fund's investment strategies, the fund's name will be changed to AIM Select Equity Fund. AIM was founded in 1976 and ranks as the nation's eighth-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 $154 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 9 million shareholders as of March 31, 2001. AMVESCAP PLC had $370 billion in assets under management as of March 31, 2001. 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 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 Web site: http://www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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