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Article: AIM International Looks Toward Europe; Managers Have Outperformed Their Peers, Steering Clear of Latin America
- Article from:
- The Washington Post
- Article date:
- July 25, 2004
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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The AIM International Emerging Growth Fund is outperforming all
its peers by buying European companies and shunning Latin America.
The $160 million mutual fund, led by Jason Holzer and Barrett
Sides, rose at an annual rate of 23 percent during the past three
years. In the same period, the average international stock fund
gained about 5.6 percent a year, according to data compiled by
Bloomberg. The AIM fund is up 5.6 percent in 2004.
Holzer, 31, and Sides, 39, invest in about 120 companies that
typically have market values of less than $3 billion and generate
annual earnings growth averaging 25 percent. About half of the
companies are in Europe, including Anglo Irish Bank Corp. and German ...