TORONTO, July 9 /CNW/ - AIM Trimark Investments is pleased to announce
the appointment of Scott Margach to the position of Vice President and
Portfolio Manager. Mr. Margach will take over lead management responsibility
of AIM Canadian First Class. Effective immediately, AIM Canadian First Class
will no longer be sub-advised by Invesco Aim Advisors, Inc., and will be
managed by AIM Trimark Investments. Glen Hilton, the previous lead manager of
this fund, is no longer with Invesco Aim Advisors, Inc.
Having over 16 years of industry experience, Mr. Margach graduated with a
Bachelor of Commerce degree from Carleton University and is a CFA
charterholder. He most recently held the position of Vice President and
Director at TD Asset Management Inc.
"Scott is a great addition to our line-up of industry-recognized fund
managers," said Graham Anderson, AIM Trimark's Chief Investment Officer. "He
brings significant portfolio management expertise to the position and we're
very excited to have him join our organization."
In accordance with this change, effective August 11, 2008, AIM Canadian
First Class will be renamed Trimark Canadian First Class and the investment
strategies will be amended to best reflect the specific approach of the new
lead manager. The portfolio management team looks for companies that are
industry leaders with dominant market positions, have strong balance sheets
and financial strength, and are run by proven management teams. The team looks
for businesses whose current valuations do not reflect the real value of the
underlying assets or earnings potential of the company.
In addition, effective immediately, AIM Global First Class, previously
subadvised by Invesco Aim Advisors, Inc., will now be sub-advised by a team of
13 investment professionals from Invesco Global Asset Management (N.A.), Inc.
On August 11, 2008, the Fund will be renamed Invesco Global Equity Class, and
the investment strategies will also change. The Fund's new investment team
includes portfolio managers Ingrid Baker, W. Lindsay Davidson, Michele Garren,
Erik Granade, and Kent Starke. These five portfolio managers have an average
of 24 years of investment experience and currently manage approximately US$14
billion in assets for Invesco globally.
The portfolio managers seek to identify attractively valued companies
with a market capitalization typically in excess of $1 billion. Initial
factors considered when evaluating potential investments include a company's
return on equity, the amount of shareholders capital and the percentage of
earnings paid in dividends, a company's historical earnings stability and
overall debt levels. Portfolio managers conduct research on companies meeting
their criteria and may communicate directly with company management.
Lastly, AIM Trimark Core Canadian Equity Class will be amending its
investment strategies effective immediately so that its assets will be divided
into two approximately equal portions between portfolio management teams from
AIM Trimark and Invesco Aim Advisors, Inc. These portions are rebalanced
periodically. The two management teams employ complementary investment
approaches as a means of managing risks and increasing potential. The
investment objectives of each of the Funds remain the same.
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. Mutual funds are not guaranteed,
their values change frequently and past performance may not be repeated.
Please read the prospectus before investing. Copies are available from your
advisor or from AIM Trimark Investments.
AIM Trimark Investments is one of Canada's largest investment management
companies, with approximately C$42 billion(*) in assets under management. A
subsidiary of Invesco Ltd., which is among the world's largest independent
global investment managers, AIM Trimark offers a diversified suite of
investment solutions to institutions, organizations, companies and individual
investors across Canada and around the world. Invesco Ltd. has approximately
US$481 billion(*) in assets under management and is listed on the New York Stock
Exchange with the symbol "IVZ." Invesco Ltd. has over 5,300 employees and
operates in 20 countries worldwide.
(*) as at April 30, 2008
For further information:
For further information: Aysha Mawani, Vice President, Public Relations,
Tel: (416) 324-7712, firstname.lastname@example.org