(October 30 – 14:20 ET) – AIC Group of Funds is introducing six new mutual funds. They are: AIC Global Developing Technologies Fund; AIC Global Science & Technology Fund; AIC Global Medical Science Fund; and the RSP-eligible versions of these three funds. The funds are now available for sale.
“Like all AIC Funds, these new Funds are managed in a tax efficient manner and will also enable investors to tap into the growth potential of some exciting new sectors within the economy,” says Michael Lee-Chin, chairman and chief investment officer of AIC Ltd.
The AIC Global Developing Technologies Fund will invest in small to medium-sized businesses that are leading in such areas as electronics, computer science, telecommunications and e-commerce.
The AIC Global Science & Technology Fund will invest in companies that are driving the information age and medical discovery. These industries include computer hardware and software, telecommunications, e-commerce, biotechnology, pharmaceuticals and medical devices.
The new AIC Global Medical Science Fund will focus in the areas of medical science, biotechnology, and related fields.
The three funds are co-managed by Geoff Barth and Allan Brown. Barth joined AIC in August 2000 as senior vice president and portfolio manager. Most recently, Barth was a partner of IG Investment Management Ltd. Barth has more than one decade of investment industry experience.
Brown joined AIC in August 2000 as senior vice president and portfolio manager. Brown has six years of investment experience and prior to joining AIC was a partner with IG Investment Management Ltd.
-IE Staff