AIM Trimark Investments today announced that Trimark Advantage Bond Fund, which had been closed to new investors since May 30, 2003, is reopen to new investors effective immediately.
Managed by the Trimark fixed-income team of Rex Chong, Anthony Imbesi, Alfred Samson and analyst Gary Lew, the fund invests primarily in Canadian high-yield fixed-income securities.
According to AIM Trimark, as a result of more compelling valuations in the high-yield market, the portfolio management team has begun to find attractive investment opportunities that were previously unavailable.
AIM Trimark adds that the team is also uncovering more opportunities because of an increase in the funds foreign content limit from 30% to 49%. This increased limit is designed to benefit investors over the long term, as a broader set of investment opportunities can enhance diversification and potential return.
The fund’s investment objectives and strategies will not change its reopening to new investors.