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Rating:AIM Files to Shutter Eight Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 24, 2005

AIM Files to Shutter Eight Funds

by: Theresa Sim

AIM Investments has filed to merge eight lackluster funds with approximately $5.8 billion in assets into eight other funds, reports the Rocky Mountain News.

If fund shareholders approve the mergers in a June vote, the funds will be merged by July 18.

The following mergers are planned:

AIM Balanced fund into the AIM Basic Balanced fund.
AIM Core Stock fund into the AIM Diversified Divided fund.
AIM Dent Demographic Trends into the AIM Weingarten fund.
AIM Emerging Growth into the AIM Aggressive Growth fund.
AIM Health Sciences fund into the AIM Global Health Care fund.
AIM Libra fund into the AIM Aggressive Growth fund,
AIM Mid Cap Stock fund into the AIM Capital Development fund.
AIM Total Return fund into the AIM Basic Balanced fund.

On Thursday, AIM also announced that its Real Estate Fund will only be open to existing investors after April 29, 2005. Retirement plan and college savings plan investors will still be able to open new accounts.  

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