The folks at AIM Investments said they have decided to reopen the AIM European Small Company Fund due to the volatility in foreign markets, which company officials said has "created compelling opportunities" in European small-cap securities. The fund, which currently has an AUM south of $300 million, will reopen on Friday but may be closed again when AUM nears $500 million.
Company Press Release
AIM Investments has announced that the AIM Funds Board of Trustees and management team of AIM European Small Company Fund has approved reopening the fund to new investors as a result of attractive new investment opportunities.
The fund will reopen to all investors commencing with the start of business on Feb. 1, 2008, but may be closed again once fund assets under management near $500 million.
With fund assets under management now below $300 million, the portfolio management team seeks to take advantage of volatility in foreign markets which has created compelling opportunities in European small-cap securities. Buying securities at favorable valuations can benefit both current and prospective fund shareholders.
About AIM Investments
AIM Investments is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios—mutual funds, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. AIM Investments® is a registered service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc. and PowerShares Capital Management LLC are the investment advisors for the products and services represented by AIM Investments; they each provide investment advisory services to individual and institutional clients and do not sell securities. Invesco Institutional (N.A.), Inc., Invesco Senior Secured Management, Inc., Invesco Global Asset Management (N.A.), Inc., AIM Funds Management Inc., Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited and Invesco Hong Kong Limited are affiliated investment advisors that serve as the subadvisor for some of the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and U.S. institutional money market funds represented by AIM Investments and the exchange-traded funds managed by PowerShares Capital Management LLC, and is the subdistributor for the STIC Global Funds represented by AIM Global. All of these entities are indirect wholly owned subsidiaries of Invesco Ltd.
Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is currently listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.