TORONTO, April 16 /CNW/ - AIM Trimark Investments today announces that it
is launching three funds and a tax-efficient flexible distribution series,
called T-FLEX, to address the changing needs of Canadian investors.
New dividend funds
Trimark Canadian Plus Dividend Class and Trimark Global Dividend Class
allow investors to benefit from the steady dividends and long-term growth
potential provided by some of the best companies worldwide. AIM Trimark's
approach to dividend investing is to focus on total returns and managing
downside risk by looking at the overall strength of a company in addition to
its dividend sustainability, rather than simply chasing the highest dividend
yields available. This disciplined approach helps manage risk in tough market
conditions, while positioning investors' portfolios to gain from the stability
and financial strength of dividend-paying companies.
Trimark Canadian Plus Dividend Class is led by Don Simpson and co-managed
by Rory Ronan, with Lauree Wheatley as analyst. Simpson is also lead manager
of the highly ranked Trimark Diversified Income Class, with Ronan as
co-manager. The two have worked together for several years as members of the
Trimark Canadian equity team.
Bruce Harrop serves as lead manager of Trimark Global Dividend Class.
Among noteworthy achievements in Harrop's 20-plus year career, Trimark Global
Balanced Fund, under his co-management, has won the Canadian Investment
Award's Best Global Balanced and Asset Allocation Fund of the Year for the
past three years running.
"The launch of these funds reflects the increasing importance among
investors for conservative growth, steady cash flow and tax-efficient
investment offerings," says Patrick Farmer, AIM Trimark's chief investment
officer and head of North American retail investments for AMVESCAP.
New tax-efficient flexible distribution series
T-FLEX considers the distinct financial planning needs of investors who
are nearing or entering retirement by allowing them to tailor their cash flow
stream to meet their changing needs. This innovative solution provides
investors with the choice of three target annual distribution levels of 4%, 6%
and 8% to generate a steady tax-efficient monthly cash flow from their
T-FLEX is currently available on Trimark Canadian Plus Dividend Class and
Trimark Global Dividend Class. Investors can switch between different T-FLEX
Series, and from one T-FLEX Series of a Fund to any other Fund within the AIM
Trimark Corporate Class structure, without any immediate tax implications.
New focused Canadian equity fund
Trimark Canadian Focus Class offers investors a clearly defined Canadian
equity offering that limits its exposure to foreign investments to a maximum
of 10% of its non-cash assets. Currently, some Canadian equity funds have the
flexibility to invest up to 49% of their assets in foreign securities, which
can pose a potential challenge to managing asset allocations within a
"In light of the elimination of the foreign property rule and
modifications to fund category definitions, investors want the flexibility to
choose a focused Canadian equity fund," Farmer says. "A well-defined mandate
makes it easier to control asset allocations."
The Fund is overseen by Heather Hunter, the renowned lead manager of the
$4 billion Trimark Select Canadian Growth Fund. She is supported by analysts
Erin Greenfield and Mark Uptigrove. In her more than 30-year career in the
industry, Hunter has built a solid reputation managing Canadian equity
mandates and providing investors with consistent results over the long term.
AIM Trimark Investments is one of Canada's largest investment management
companies, with over C$51.4 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 AMVESCAP PLC, a leading independent global investment
manager dedicated to helping people worldwide build their financial security.
AMVESCAP has approximately US$465.1 billion(*) in assets under management and is
listed on the London, New York and Toronto stock exchanges with the symbol
"AVZ". AMVESCAP operates in 19 countries world-wide with over 5,000 employees.
(*) As at February 28, 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