(November 1 – 09:40 ET) – AIM Funds Management Inc. is adding three new funds to the AIM family. The funds are: AIM Global Financial Services Class; AIM Global Technology Class; and AIM European Growth Class
“These new funds are further evidence of AIM’s commitment to helping Canadians diversify their investment portfolios with a broad range of global investments,” says Robert Hain, president and CEO of AIM Funds Management Inc.
The AIM Global Financial Services Class seeks to provide long-term capital growth by primarily investing in the equity securities of companies involved in the financial services sector.
AIM Global Technology Class and AIM European Growth Class are corporate structure versions of the AIM Global Technology Fund and AIM European Growth Fund. Corporate structure mutual funds offer investors additional tax benefits over typical mutual fund trusts.
AIM has also issued 23 Series F funds based on existing AIM mutual funds. Series F funds feature lower MERs and are available to investors who have fee-based accounts through selected financial advisors. The company says the new Series F funds will complement the 31 Trimark Series F funds that are already available through AIM.
The company also announced that the name of AIM Canada Value Class has been changed to AIM Canadian First Class. The investment objective of the fund is unchanged.
As well, effective November 1, Henry Chan and Anna Tong of AIM Funds Management Inc. will assume responsibility for managing the Trimark Indo-Pacific Fund.
-IE Staff