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AIM Investments announced today the launch of seven new
retail mutual funds that provide investors and their advisors
additional ways to achieve portfolio diversification through one of
the industry's most comprehensive lineups of quality investment
solutions.
The seven funds - AIM China Fund, AIM Japan Fund, AIM Structured
Core Fund, AIM Structured Growth Fund, AIM Structured Value Fund, AIM
Enhanced Short Bond Fund, and AIM International Bond Fund - will
leverage the investment management expertise and disciplines of
several AMVESCAP entities across the globe.
A I M Advisors, Inc. (AIM) is a subsidiary of AMVESCAP PLC
(AMVESCAP), a leading independent global investment manager dedicated
to helping people worldwide build their financial security.
"The launch of these seven new mutual funds re-emphasizes our
commitment to investment excellence and product diversity for
investors and their advisors through one of the industry's pre-eminent
distribution models," said Mark Williamson, President and Chief
Executive Officer of AIM Investments.
"We are very excited about how these products will benefit from
the subadvisory capabilities of large teams of AMVESCAP investment
professionals worldwide in specialized areas of expertise."
-- AIM China Fund offers entry into this growing market through a
diversified portfolio of companies based in China or with
substantial exposure to China's expanding economy. The fund
leverages the local presence and expertise of INVESCO Hong
Kong Ltd., one of the region's largest investment managers.
-- AIM Japan Fund seeks to capitalize on the growth opportunities
in one of the world's most dynamic economies by investing in
securities of Japanese issuers. The fund is managed by a
Tokyo-based investment team from INVESCO Asset Management
(Japan) Ltd., which has been investing in Japan for
approximately 20 years.
-- AIM Structured Core Fund, AIM Structured Growth Fund, and AIM
Structured Value Fund are actively managed mutual funds which
target ranges of return, risk, and sector allocations relative
to their respective benchmark indexes. The funds leverage the
management experience of INVESCO Institutional (N.A.), Inc.'s
Structured Products Group to apply a distinct, research-based
stock selection process, rigorous risk control management, and
state-of-the-art trading techniques.
-- AIM Enhanced Short Bond Fund provides broad exposure to the
fixed-income market by investing in domestic and foreign
government and corporate debt securities with shorter
maturities. The fund is actively managed by a global team of
approximately 45 investment professionals from INVESCO
Institutional (N.A.), Inc.'s Worldwide Fixed Income Group.
-- AIM International Bond Fund provides broad exposure to the
international fixed-income market by investing in foreign
government and corporate debt securities generally represented
by the sector categories within the Lehman Brothers Global
Aggregate ex U.S. Index (unhedged)(a). The portfolio is
strategically constructed to seek total return and can offer
investors a way to broaden their fixed-income investments
across countries. The fund is subadvised by a team of
investment professionals from INVESCO Institutional (N.A.),
Inc.'s Worldwide Fixed Income with a focus on investment
decision making, portfolio construction, and risk management
and control.
Important Information About Investing in AIM China Fund, AIM Japan
Fund
Foreign securities have additional risks, including exchange rate
changes, political and economic developments, the relative lack of
information about these companies and the potential lack of strict
financial and accounting controls and standards.
Investing in a single-country mutual fund involves greater risk
than investing in a more diversified fund due to lack of exposure to
other economies. The prices of securities held by the fund may decline
in response to market risks.
AIM China Fund may invest in A Shares which have limitations to
repatriate fund assets back to the United States. The fund also may
use enhanced investment techniques such as leverage and derivatives.
Leveraging entails special risks such as magnifying changes in the
value of the portfolio's securities. Derivatives are subject to
counterparty risk--the risk that the other party will not complete the
transaction with the fund.
The prices of initial public offering (IPO) securities may go up
and down more than prices of equity securities of companies with
longer trading histories. In addition, companies offering securities
in IPOs may have less experienced management or limited operating
histories. There can be no assurance that the fund will have favorable
IPO investment opportunities.
Important Information About Investing in AIM Structured Core Fund,
AIM Structured Growth Fund and AIM Structured Value Fund
Foreign securities have additional risks, including exchange rate
changes, political and economic developments, the relative lack of
information about these companies and the potential lack of strict
financial and accounting controls and standards.
The prices of securities in the funds may decline in response to
market risks, changes in interest rates, effective maturities and
credit ratings of those securities. The values of convertible
securities will be affected by market interest rates, and the value of
the underlying common stock into which these securities may be
converted.
The funds may use enhanced investment techniques such as leverage
and derivatives. Leveraging entails special risks such as magnifying
changes in the value of the portfolio's securities. Derivatives are
subject to counterparty risk--the risk that the other party will not
complete the transaction with the fund.
AIM Structured Growth Fund invests in "growth" stocks, which tend
to be more sensitive to changes in their earnings and can be more
volatile than other types of stocks. AIM Structured Value Fund invests
in "value" stocks which can continue to be inexpensive for long
periods of time and may not ever realize their full value.
Important Information About Investing in AIM Enhanced Short Bond
Fund, AIM International Bond Fund
Foreign securities have additional risks, including exchange rate
changes, political and economic developments, the relative lack of
information about these companies and the potential lack of strict
financial and accounting controls and standards.
The funds may use enhanced investment techniques such as leverage
and derivatives. Leveraging entails special risks such as magnifying
changes in the value of the portfolio's securities. Derivatives are
subject to counterparty risk--the risk that the other party will not
complete the transaction with the fund.
The prices of securities in the funds may decline in response to
market risks, changes in interest rates, effective maturities and
credit ratings of those securities.
The funds may invest in asset-backed or mortgage-backed securities
which may lose value if they are called or prepaid.
Investing in higher-yielding, lower-rated corporate bonds
(commonly known as "junk bonds") has a greater risk of price
fluctuation and loss of principal and income than U.S. government
securities, such as U.S. Treasury bills, notes and bonds. Treasuries
are guaranteed by the government for repayment of principal and
interest if held to maturity. Fund shares are not insured, and their
value and yield will vary with market conditions. Investors should
carefully assess the risk associated with investing in the funds.
About AIM Investments
Houston-based AIM Investments represents one of the nation's
leading investment management companies. It is dedicated to building
solutions for its clients with exceptional products and services
through multiple investment management styles and a broad range of
investment portfolios - mutual funds, retirement products, separately
managed accounts for high-net-worth and institutional investors,
annuities, cash management, college savings plans and offshore
products. Founded in 1976, AIM Investments had $128 billion in assets
under management as of Dec. 31, 2005. For more information, visit
www.aiminvestments.com. AIM Investments is a service mark of A I M
Management Group Inc. A I M Advisors, Inc., A I M Capital Management,
Inc., and AIM Private Asset Management, Inc. are the investment
advisors for the products and services represented by AIM Investments.
A I M Distributors, Inc. is the distributor for the retail mutual
funds and Fund Management Company is the distributor for the
institutional money market funds represented by AIM Investments.
About AMVESCAP
A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a
leading independent global investment manager, dedicated to helping
people worldwide build their financial security. Operating under the
AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver
outstanding products and services through a comprehensive array of
retail and institutional products for clients around the world. The
Company, which had approximately $404 billion in assets under
management as of Feb. 28, 2006, is listed on the London, New York and
Toronto stock exchanges with the symbol "AVZ." Additional information
is available at www.amvescap.com.
Note to editors -- We are required to include the following
information with our news release:
(a) The Lehman Brothers Global Aggregate ex U.S. Index (unhedged)
is an unmanaged index considered representative of bonds of foreign
countries.
Consider the investment objectives, risks, and charges and
expenses carefully before investing. For this and other important
information about any AIM fund, please obtain a prospectus from your
financial advisor and read it carefully before investing.
A I M Distributors, Inc., Distributor.