Houston-based AIM Investments will launch seven new mutual funds, the company announced Friday.
"The launch of these seven new mutual funds re-emphasizes our commitment to investment excellence and product diversity for investors and their advisers through one of the industry's pre-eminent distribution models," said Mark Williamson, president and chief executive officer of AIM Investments. AIM Investments is a subsidiary of AMVESCAP, a global investment advisory firm.
"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," said Williamson.
The seven new funds include:
The AIM China Fund, to be managed by INVESCO Hong Kong, Ltd.; AIM Japan Fund, to be managed by a Tokyo-based INVESCO team; AIM Structured Core Fund, the AIM Structured Growth Funs and the AIM Structured Value Fund, which will be actively managed targeting the return, risk and allocations of their respective benchmark indexes; The AIM Enhanced Short Bond Fund, which will buy into domestic and foreign government and corporate short-term debt securities, and will be managed by INVESCO Institutional's Worldwide Fixed Income Group, and; the AIM International Bond Fund, which buy foreign and domestic corporate and government securities in the categories represented by Lehman Brothers Global Aggregate ex US Index, and will also be managed by members of the Worldwide Fixed Income Group.