AIM Allocation Fund Assets Exceed $1 Billion

Total assets in AIM Investments' allocation products, a group of seven mutual funds offering investors a simple way to achieve asset allocation and diversification, have exceeded $1 billion, the company announced yesterday.

"This milestone is a reflection of investors' increasing acceptance of the fundamental benefits of asset allocation," said Mark Williamson, president and CEO of AIM Investments. "By providing seven distinct allocation funds, we help advisers build quality solutions based on their client's financial goals and risk tolerance.

"This achievement underscores our growing reputation for quality investment management across all asset classes regardless of geography, market cap or investment style," Williamson added.