Corporate Profile for AIM Management Group Inc., dated Aug. 13, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 13, 1999
Company Name: AIM Management Group Inc.
Address: 11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
Main Telephone
Number: 800/959-4246
Internet Home
Page Address
(URL): http://www.aimfunds.com
Chief Executive
Officer: Robert H. Graham
Chief Financial
Officer: Dawn Hawley
Public Relations
Contact: Ivy McLemore
Business number: 713/214-1904
Industry: Investment Management
Trading Symbol/
Exchange: NYSE/AVZ
Company description: Corporate Overview AIM Management Group, Inc. (as of June 30, 1999) The Company AIM Funds is one of the nation's largest and most successful mutual fund companies. Over the years, such funds as AIM Weingarten Fund, AIM Constellation Fund, and AIM Value Fund have become household words Household Words was a weekly magazine edited by Charles Dickens which took its name from the line from Shakespeare "Familiar in his mouth as household words" — Henry V. It was published between 1850 and 1859. for millions of investors. AIM funds are sold through financial consultants as a reflection of the company's belief that investors can benefit significantly from having the advice and guidance of a professional who can create investment plans to meet the individual needs of their clients. As a member of the $295 billion AMVESCAP Group, AIM offers more than 50 mutual funds, multiple investment management styles, a broadened product range, and a variety of investment services. Managing global portfolios successfully requires insight into the intricacies of different markets, cultures, and financial systems, and AIM has access to more than 80 experiences portfolio managers and more than 100 analysts across the globe. In a rapidly expanding global marketplace, AIM is committed to making its management expertise and products available worldwide. Company Background Chairman Charles T. Bauer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert H. Graham, and Director of Investments Gary T. Crum, all of whom remain active in the day-to-day management of the company, founded AIM on a dream and a vision. When AIM started out in 1976, the company had only a table, two chairs, and a telephone. By mid-1999, the Houston-based company had more than $121 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 more than 2,100 employees. AIM's foundation was built on innovative money-market and fixed-income products. In 1977, the company introduced the first underwritten high-yield bond fund high-yield bond fund An investment company that attempts to produce unusually high income for its shareholders by maintaining a corporate bond portfolio that contains at minimum two thirds lower-rated bonds (Baa by Moody's; BBB by S&P). . Three years later, AIM launched the first low-cost institutional money-market fund money-market fund, type of mutual fund that invests in high-yielding, short-term money-market instruments, such as U.S. government securities, commercial paper, and certificates of deposit. . Today, The AIM Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". (R) offers a full, diversified line of retail mutual funds and investment products for investors at all levels of 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. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. . AIM also serves many of the largest banks 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. through trusts, pension funds, profit-sharing plans, securities-lending programs, and other custodial relationships. In addition, offshore funds are offered to non-resident alien investors through U.S. dollar-denominated funds based in Ireland. AIM also manages separately structured accounts for large investors. Investment Philosophies AIM adheres to proven, clearly defined strategies that seek superior results over time. AIM always has been known for its classic earnings-growth style of equity management. But as the company has grown, two new approaches have been added: a value discipline and a growth-at-a-reasonable-price discipline. This trio of equity strategies is applied across a wide spectrum of investment objectives, allowing investors to diversify their portfolios for changing market conditions. -- AIM's Growth Discipline focuses on earnings, the most tangible measure of a company's growth. A bottom-up approach is taken with an emphasis on companies rather than industries or countries. -- AIM's Value Discipline identifies companies that are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. by the market. Value managers scrutinize a company's management, dividends, product lines, and other factors to determine its true strength. -- AIM's Growth-at-a-Reasonable Price Discipline combines the growth and value approaches, pinpointing companies with superior earnings whose stocks are priced at a discount relative to their potential. AIM's fixed-income discipline supports the specific performance goals of a range of portfolios -- from total return to high current income to price stability. Identifying credit quality is an essential part of the discipline. All of AIM's fixed-income portfolios adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. rigid credit standards Credit Standards The guidelines a company follows to determine whether a credit applicant is creditworthy. , and many undergo extensive analysis that may reveal risks or opportunities overlooked by other analysts. Volatility is kept in the low to moderate range. Above all, AIM is investor-oriented, always keeping in mind the time and income horizons of shareholders. In both fixed-income and money-market investing, the emphasis is on fundamental analysis, not forecasting. AIM evaluates the purchase and sale of securities throughout a market cycle, seeking opportunities to enhance income while minimizing fluctuations in a fund's share price. A Look Ahead It took years of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and disciplined growth for AIM to achieve its current status as one of the nation's leading mutual fund companies. And the company's level of success could not have been reached without a team of exemplary employees, whose collective commitment to excellence in everything from investment management to customer service brings value to clients. While AIM is proud of its past, the company's focus is on the future. AIM will continue to be positioned as the model investment management firm of the 21st century, a company that can offer an unsurpassed array of quality products and services to investors worldwide. Corporate Facts -- Headquarters - 11 Greenway Plaza Greenway Plaza is a master-planned mixed-use development off of U.S. Highway 59 in Houston, Texas, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. , Suite 100, Houston, TX 77046 -- Offices - Houston, Austin, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , London -- Founders - Charles T. Bauer, Chairman; Robert H. Graham, President & CEO; Gary T. Crum, Senior Vice President and President, A I M Capital Management, Inc. -- Ownership - Wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AMVESCAP PLC -- Employees - Over 2,100 -- Retail Fund Shareholders - 6.3 million -- Assets Under Management - $121 billion Funds Managed - 98 investment portfolios, many with multiple classes; 55 retail, 1 contractual, 27 variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. , 8 offshore, 6 institutional, 1 closed-end A I M Distributors, Inc. |
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