Investors approved four fund mergers and a change in mandate for AIM American Growth Fund, Invesco Trimark Ltd. said Thursday.
The changes are designed to simplify and strengthen Invesco Trimark’s product lineup and provide investors with a more cost-effective and enduring suite of products, the company said.
Four mutual funds will be merged into other mutual funds as follows:
• Invesco Trimark Core American Equity Class into Invesco Trimark Core Global Equity Class;
• Trimark Global Technology Class into Trimark U.S. Companies Class;
• Trimark Global Technology Fund into Trimark U.S. Companies Fund; and
• Trimark Discovery Fund into Trimark U.S. Companies Fund.
In addition, investors approved changes to the investment objectives of AIM American Growth Fund, which will become AIM Global Balanced Fund.
Investors also approved the renaming of AIM Trimark Corporate Class Inc. to Invesco Trimark Corporate Class Inc. and AIM Trimark Canada Fund Inc. to Invesco Trimark Canada Fund Inc., along with changes to the capital structures of each.
These product changes will take effect after the close of business on August 14, 2009, and will coincide with the annual renewal of the Invesco Trimark Funds Simplified Prospectus.
IE
Invesco Trimark unitholders approve fund mergers, name changes
Invesco Trimark unitholders approve fund mergers, name changes
- By: IE Staff
- July 30, 2009 July 30, 2009
- 15:55