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Rating:Invesco Aims a New Share Class at a Specific Niche Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 29, 2009

Invesco Aims a New Share Class at a Specific Niche

News summary by MFWire's editors

Invesco AIM will soon add an eighth share class to five of its funds, but don't expect to buy the new shares outside of a special circumstance. Last week the fund firm filed to launch class S shares for the AIM Charter, AIM Conservative Allocation, AIM Growth Allocation and AIM Summit funds. The no-load shares will only be available to military personnel who redeem their "systemic contractual investment plan," the sale of which was banned by Congress in 2006. Those investors will only have 12 months after cashing out their plans to move the assets into S shares.

A spokesman for Invesco AIM was not immediately able to comment on when the new share class will be available. 

Edited by: Neil Anderson, Managing Editor


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