TORONTO, June 25 /CNW/ - AIM Trimark Investments today announces that it
will be capping Trimark Global Endeavour Fund, Trimark Global Endeavour Class
and Trimark Global Mid-Cap Equity Private Pool (the "Funds") to new investors
effective July 13 at 4 p.m. ET.
Trimark Global Endeavour Fund was the 2006 winner of the Canadian
Investment Award as Best Global Small/Mid Cap Equity Fund of the Year and was
also recognized with a Lipper Award as Best Global Equity Fund over one year
in 2007. The Funds invest in high-quality mid-cap businesses from anywhere in
the world that are leaders in their industry, have a sustainable competitive
advantage and strong future growth prospects.
Given the current level of assets under management and rates of net
inflows in the Funds, the portfolio management team has expressed concern that
it is becoming increasingly difficult to accumulate meaningful positions in
smaller-sized companies. A concentrated portfolio of 30 to 35 names
representing the portfolio management team's best investment ideas is a
primary reason for the Funds' success.
"Curbing inflows provides the best opportunity to deliver strong
performance to existing investors," says Phil Taylor, Senior Managing Director
and Head of INVESCO PLC's North American retail business, including AIM
Trimark. "Our decision to say no to new money is an extension of our ongoing
commitment to serving investors' best interests."
Only existing investors continuing in the Funds will be allowed to
purchase additional securities and maintain their existing investment options
in the Funds after July 13. Transfers in cash and purchase orders from new
investors into the Funds will not be accepted if received after 4 p.m. ET on
AIM Trimark Investments is one of Canada's largest investment management
companies, with over C$51.9 billion(*) in assets under management. AIM Trimark
has become one of Canada's largest and most successful investment management
firms by adhering to proven investment disciplines that build and protect
investors' wealth and by putting investors' interests first. AIM Trimark is a
subsidiary of U.K.-based INVESCO PLC, a leading independent global investment
manager dedicated to helping people worldwide build their financial security.
INVESCO has approximately US$491.3 billion(*) in assets under management and is
listed on the London, New York and Toronto stock exchanges with the symbol
"IVZ". INVESCO operates in 19 countries world-wide with over 5,000 employees.
(*) As at May 31, 2007
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 simplified prospectus before investing. Copies are available
from your advisor or from AIM Trimark Investments.
For further information:
For further information: Aysha Mawani, Public Relations Manager, Tel:
(416) 324-7712, email@example.com