AIM Trimark Investments has set its sights south of the border as it begins sub-advising three new funds in the United States.
Managed in Toronto, the U.S. funds will share the same award-winning management team as Trimark Fund, Trimark Global Endeavour Fund and Trimark U.S. Small Companies Fund.
They will be available through independent advisors and offered by AIM Trimark’s sister company in the U.S., AIM Investments. Both firms are divisions of U.K.-based AMVESCAP PLC.
The new funds will be named AIM Trimark Fund, AIM Trimark Endeavor Fund and AIM Trimark Small Companies Fund. The funds will invest primarily in a portfolio of mid- and large-cap global stocks; U.S. mid-cap stocks; and U.S. small-cap stocks, respectively
“We are excited about the arrival and availability of our well-respected investment discipline to U.S. retail investors. The Trimark team has a proven track record of success in Canadian, U.S. and global equities and I’m confident that this success will continue south of the border,” said Patrick Farmer, chief investment officer, AIM Trimark, in a news release.
“The combination of the investment management expertise of AIM Trimark and the distribution strength of AIM Investments is an excellent example of resource sharing and cooperation of business units across AMVESCAP,” said Gene Needles, president of A I M Distributors, Inc.
AIM Trimark Investments is one of Canada’s largest mutual fund companies with over $35 billion in assets under management as of September 30.