AIM Investments, a wealth management unit of Amvescap, has launched a series of six target-date maturity funds.

The AIM Independence Funds combine actively managed mutual funds and intelligent indexing, rather than market-cap-weighted indexing, the unit said.

Each fund offers broad asset class diversification, innovative portfolio construction, an affiliated multi-manager profile, and strategic institutional allocations, AIM said.

The funds use strategically selected PowerShares exchange-traded funds and AIM mutual funds, which are managed through eight Amvescap investment centers in the United States, Canada, and Europe. Each fund holds 15 to 21 underlying products.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.