AIM Trimark Investments is making enhancements to its Core Bundles funds to provide greater choice and flexibility for advisors and their clients.
Effective April 24, both Lower Load 4 (LL4), an industry-first purchase option launched by AIM Trimark in 2006, and standard deferred sales charge (DSC) purchase options will become available on the Core Bundles line-up of funds.
These purchase options are being made available to provide advisors with greater choice and the flexibility to switch their clients between the Core Bundles and other AIM Trimark funds. The existing DSC purchase option will be soft-capped to new investors. In addition, the 10% free DSC redemption amount will now be offered to existing and new investors in Core Bundles to help them meet short-term cash flow needs without incurring redemption fees. The initial investment minimum will be reduced to $500 from $5,000, which will provide advisors and investors with easier access to the Core Bundles line-up of funds.
“These enhancements are being made as a result of advisor feedback,” says John Ciampaglia, AIM Trimark’s vp of product development. “In addition to further aligning and simplifying our business rules, the ability to switch to and from other AIM Trimark funds will now be easier for advisors and their clients.”
AIM Trimark also announced that it is proposing to change the investment objectives of AIM Global Growth Class. The fund will maintain its current portfolio management team — led by Austin-based Matthew Dennis — which assumed portfolio management responsibilities on October 15, 2007. However, the language used to describe the investment objectives will be altered to better articulate the team’s approach to providing long-term capital growth by investing primarily in global equities rather than specifying the industry sectors in which the fund will invest. AIM Trimark’s independent Fund Advisory Board has reviewed this proposal and they believe the change, which is subject to investor approval, is in the best interests of investors.
The details of this proposal will be provided to investors in an information circular and proxy package that will be mailed in mid-June 2008. Pending investor approval, these proposed changes will take effect at the open of business on August 11.
AIM Trimark makes enhancements to Core Bundles line-up
Proposes change to the investment objectives of AIM Global Growth Class
- By: IE Staff
- April 14, 2008 April 14, 2008
- 13:30