Best-selling author and strategic consultant
Harry S. Dent, Jr. seemed to want his name on a fund. One would think that fund would have been the original Harry S. Dent fund, planned by
1-800 Mutuals, a company in which Dent invests and is a board member of. But that fund, still on the launch pad, after registering the Harry S. Dent Fund name with the SEC, ended up planning to use a more generic name, the Generation X fund.
Now Dent is lending his name to another fund, this one from
AIM Advisors, Inc., the AIM Dent Demographic Trends Fund. The new fund, modeled after Dent's investment philosophies is expected to be available through financial consultants on or about June 7, 1999.
The Fund will be an all-cap growth fund and will invest primarily
in U.S. companies the portfolio management team believes are likely to
benefit from demographic, economic, and lifestyle trends. The Fund
will seek long-term capital appreciation by incorporating Dent's
investment ideas into AIM's disciplined equity management strategies.
Dent, author of
The Great Boom Ahead and
The Roaring 2000s, believes the most fundamental force driving the stock market is people and their predictable spending habits.
One of the tenets of Dent's boomer spending theory is that much of the spending in the next few years will be concentrated in health care, technology, and the financial services sectors, with some international exposure. Although AIM would not comment on the sectors that the fund would concentrate funds in, presumably a great deal of attention will be paid to companies within these sectors.
"More than just managing individual stocks, at AIM we manage
change," AIM chief equity officer
Edgar M. Larsen said. "Our investment discipline is geared to handle
the accelerated pace of change that Harry Dent, Jr. envisions. The
introduction of AIM Dent Demographic Trends Fund is a natural step
given the complementary nature of AIM's earnings growth investment
style and Harry's highly publicized, well-regarded investment
philosophies."
AIM Dent Demographic Trends Fund will be managed by Larsen, senior portfolio manager
Lanny H.
Sachnowitz, and portfolio manager
Derek H. Webb.
Through
H. S. Dent Advisors, Inc., Dent will serve in a sub-advisory capacity for the Fund, providing co-managers Larsen, Sachnowitz, and Webb with macroeconomic and sector research and investment and market capitalization recommendations as it pertains to the Fund's investment objective. 
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