Having dodged the U.S. mutual fund industry scandal and a mutual fund share pricing problem of its own back home, AIM Trimark Investments of Toronto has ventured into the U.S. asset management industry for the very first time. AIM Trimark is the $40 billion Canadian investment management subsidiary of Amvescap of London.

This past November AIM Trimark, which currently manages 64 mutual funds, launched a trio of new funds in the U.S., each cloned after a successful Canadian-based Trimark fund. While each fund will continue to be managed by a team of managers based in Toronto, the funds are being distributed in the U.S. by Houston-based AIM Distributors, the sales and distribution unit of AIM Investments.

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