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Article: Invesco AimSM Announces Shareholder Approval of Changes to the Structure of AIM Independence Funds.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Invesco Aim announced that shareholders of the AIM Independence Funds have approved changing the funds' sub-classification from diversified to non-diversified and approved the elimination of a related fundamental investment restriction.
Effective Nov. 4, 2009, the AIM Independence Funds, Invesco Aim's target-date funds, will be renamed AIM Balanced-Risk Retirement Funds. The underlying investments will change from a mix of AIM mutual funds and Invesco PowerShares exchange-traded funds to a combination of the AIM Balanced-Risk Allocation Fund and cash or 100% AIM Balanced-Risk Allocation Fund. In addition, the portfolio management team, glide path and investment ...