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Monday, July 01, 2002

Aiming for More Disclosure

by: Tony Pennino

AIM Distributors has decided to provides its investors with more information about its portfolio management teams, a spokesperson with the firm told the MutualFundWire.com. The new program takes effect immediately. The firm adds that this move will have not alter its funds' objectives.

"On our new prospecti, each member of the portfolio team will be listed. The shareholders will then be instructed to go to our website, which will provide more detailed information," the spokesperson reported. That information includes biographical history of supporting analysts.

"Most funds will have a designated lead. For some funds, two professionals share lead responsibilities equally, and they will be listed as jointly in charge," he continued.

"Shareholders want more disclosure. They want to know who is managing their funds," the officiail added. "That is why we have taken this intiative. Holdings will be reported as always." 

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