Modifies reporting structure of Invesco Fixed-Income and Cash Management
teams; and adds sub-advisor to Invesco Global Real Estate Fund
TORONTO, July 9 /CNW/ - AIM Trimark Investments is enhancing two of its
Core Bundles by providing advisors and their clients with improved style
diversification and greater clarity.
Effective immediately, the investment strategies of AIM Trimark Core
American Equity Class will be changed to permit the Fund to invest up to
approximately 50% of its assets in units of PowerShares FTSE RAFI U.S. 1000
Portfolio. Investors will benefit from greater portfolio diversification
resulting from the inclusion of Invesco PowerShares Capital Management LLC's
proven management of exchange-traded funds. Additionally, Series A investors
will benefit from a reduction in the Core Bundle's management fee, from 2.00%
to 1.50%, while Series F investors will benefit from a reduction in management
fee, from 1.00% to 0.50%.
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. ("Invesco Aim"). Previously, its assets
were divided into three approximately equal portions and strategies. The
portion managed by Invesco Aim will follow a growth-oriented strategy focused
on earnings, quality and valuation, while the portion managed by AIM Trimark
will focus on companies whose competitive advantages provide opportunities for
long-term growth and with entrepreneurial management.
The investment objectives of each of the Core Bundles remain the same.
Transfer of Invesco fixed-income and cash management sub-advisor from
Invesco Aim to Invesco Institutional
Effective August 1, 2008, the sub-advisor on Invesco fixed-income and
cash management teams will be changed from Invesco Aim to Invesco
Institutional (N.A.), Inc. ("Invesco Institutional"). This change results from
a transfer of fixed-income and cash management services personnel within the
Invesco group of companies.
The money market funds affected by this change are:
- AIM Canada Money Market Fund
- AIM Short-Term Income Class
- AIM Trimark Dialogue Allocation Fund
- Trimark U.S. Money Market Fund
- Trimark Interest Fund
The cash management funds affected by this change are:
- AIM Trimark Canadian Dollar Cash Management Fund
- AIM Trimark U.S. Dollar Cash Management Fund
As a result of these personnel transfers, some of the balanced funds are
also affected. Invesco Institutional will be added as an additional
sub-advisor on AIM Canadian Balanced Fund, which is currently sub-advised by
Invesco Aim. Invesco Institutional will be responsible for managing the
fixed-income and cash portions of this Fund previously managed by Invesco Aim.
With respect to AIM Trimark Core Canadian Balanced Class, Invesco Aim
will manage the equity portion of approximately one-half of the Fund, while
Invesco Institutional will be added as an additional sub-advisor to manage the
fixed-income portion of approximately one-half of the Fund and the cash
portion of the entire Fund, both of which had been previously managed by
Invesco Aim. The investment strategies of AIM Trimark Core Canadian Balanced
Class will be amended to reflect this change.
Additional sub-advisor to Invesco Global Real Estate Fund
Effective August 1, 2008, Invesco Global Real Estate Fund's Dallas-based
team will be working with James Cowen, a portfolio manager from U.K.-based
Invesco Asset Management Limited. In order to implement this change, Invesco
Asset Management Limited will be added as an additional sub-advisor to this
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.
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
PowerShares ETFs are listed for trading on stock exchanges in the United
States and other jurisdictions outside of Canada. No prospectus has been filed
to qualify securities of such issuers for public offering or distribution in
Canada. Any reference to PowerShares ETFs is for informational purposes only
and shall not constitute an offer to sell or the solicitation of an offer to
buy securities of such issuers.
PowerShares(R) is a registered trademark of Invesco PowerShares Capital
Management LLC. Invesco PowerShares Capital Management LLC., Invesco Aim
Distributors, Inc. and Invesco Institutional (N.A.), Inc. are indirect, wholly
owned subsidiaries of Invesco Ltd.
Invesco Aim Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Trust I, PowerShares Exchange-Traded Trust II, PowerShares
India Exchange-Traded Trust and the PowerShares Actively Managed
Exchange-Traded Fund Trust.
The PowerShares ETFs are non-diversified and may be concentrated in a
single industry, which involves substantially greater risk of loss and price
fluctuations than an investment diversified across multiple industries or
There are risks involved with investing in ETFs, including possible loss
of money. Index-based ETFs are not actively managed. Actively managed ETFs do
not necessarily seek to replicate the performance of a specified index. Both
index-based and actively managed ETFs are subject to risk similar to stocks,
including those related to short selling and margin maintenance.
Shares are not individually redeemable and owners of the Shares may
acquire those Shares from the Fund and tender those Shares for redemption to
the Fund in Creation Unit aggregations only, typically consisting of
Shares are not FDIC insured, may lose value and have no bank guarantee.
For further information:
For further information: Aysha Mawani, Vice President, Public Relations,
Tel: (416) 324-7712, firstname.lastname@example.org