AIM to Launch AIM Worldwide Spectrum Fund.Business Editors HOUSTON--(BUSINESS WIRE)--Dec. 28, 2000 A I M Advisors, Inc., a subsidiary of A I M Management Group Inc., announced today the opening of AIM Worldwide Spectrum Fund, effective Dec. 29, 2000. AIM is an indirect subsidiary of the AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment services companies. AIM Worldwide Spectrum Fund seeks long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 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. capital appreciation by investing in companies across the entire spectrum of size (small-, mid- mid- pref. Middle: midbrain. , and large-cap), location (domestic and international) and investment style (growth, value, and growth-at-a-reasonable-price). This flexibility allows fund managers to invest in what they believe are the most attractive companies wherever they may be found. The fund typically will hold 60 to 80 percent of assets in U.S. stocks and 20 to 40 percent in foreign stocks. The fund will be managed by Joel Dobberpuhl and Clas G. Olsson. 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 $183 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 8 million shareholders as of Sept. 30, 2000. AMVESCAP PLC had $414 billion in assets under management as of Sept. 30, 2000. 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 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. For more information about AIM, visit our Web site: www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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