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 |
|
Wednesday, July 29, 2009 Invesco Aims a New Share Class at a Specific Niche 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. Printed from: MFWire.com/story.asp?s=22188 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |