MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 19, 1999 Harry S. Dent Fund Finds a Home 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. Printed from: MFWire.com/story.asp?s=24777 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |