Invesco Trimark Ltd. Tuesday introduced a retooled AIM Global Balanced Fund, along with three new mutual fund trust versions of existing corporate class funds.

On August 14, the name of AIM American Growth Fund was changed to AIM Global Balanced Fund. The fund’s investment objectives and strategies were also changed.

The newly revamped fund combines the expertise of three Invesco management teams: Invesco Aim International Growth team; Invesco Aim U.S. Large-/Multi-cap Growth team, and Invesco Worldwide Fixed Income (WWFI) team.

“Clas Olsson and his International Growth team have a well-established reputation in Canada for managing funds with strong long-term performance,” said Graham Anderson, Invesco Trimark’s Chief Investment Officer, in a release.

“The WWFI team, led on this new Fund by Russel Matthews, has considerable experience managing institutional mandates and makes an excellent complement to the equity team,” Anderson said.

The fund has been retooled for investors looking to rebuild their portfolios after the market events in 2008, Invesco Trimark said.

It will maintain an asset mix of 60% global equities and 40% conservative global fixed income. The equity portion of the portfolio will be patterned after AIM Global Growth Class and will be managed by Matthew Dennis, Barrett Sides and Robert Lloyd, with support from their respective teams. The team uses a “Quality growth” investment discipline that focuses on an earnings, quality and valuation process to identify and analyze potential investments.

“We’ve been seeing good opportunities in global equities. We look for high-quality companies that we perceive have attractive risk/return profiles and solid fundamentals throughout the economic cycle,” said Matthew Dennis, portfolio manager. “The key to successful investing is to maintain a long-term perspective.”

The fixed-income portfolio of the new fund will be patterned after Invesco Bond Fund, domiciled in Dublin and managed by the Invesco Worldwide Fixed Income team. The team uses a conservative approach, investing primarily in investment-grade global government and corporate bonds. The team is comprised of 120 investment professionals and currently manages approximately US$162 billion in assets.

New mutual fund trust funds

On August 24, Invesco Trimark will launch three new mutual fund trust versions of existing corporate class funds. The new mutual fund trusts are intended for retail investors with registered plans and for institutional investors.

The new mutual fund trust funds are AIM International Growth Fund (Series A and F), Invesco Canadian Focus Fund (Series A and F) and Invesco Global Equity Fund (Series A and F).

Change in taxation year-end of Invesco Trimark Canada Fund Inc.

Invesco Trimark also announced that the taxation year-end of Invesco Trimark Canada Fund Inc. (“Canada Fund”) will be changed to March 31, effective Jan. 1, 2010, in order to align the taxation year-end with its financial statement year-end, as well as with the taxation year-end of Invesco Trimark Corporate Class Inc. (“Corporate Class”).

As a result, the distribution dates for all five funds that are share classes of Canada Fund will be also be affected.

Share classes of Canada Fund (i.e., Invesco Trimark Core Canadian Balanced Class, Invesco Trimark Core Canadian Equity Class, Trimark Diversified Income Class, Trimark Canadian First Class and AIM Canadian Premier Class) will pay ordinary dividends for the taxation year ended Dec. 31, 2009, if any, in December 2009 and capital gains dividends for the 2009 taxation year, if any, in February 2010 as previously scheduled. There will be a short taxation year ended March 31, 2010. Ordinary dividends for this and all future taxation years ended March 31, if any, will be paid in March prior to the taxation year-end; capital gains dividends, if any, will be paid in May following the taxation year-end.

Monthly distributions consisting of ordinary dividends and returns of capital paid by T-FLEX series of share classes of Canada Fund will not be affected by the change.

IE