AIM Investments(R) Announces Changes to Portfolio Management Team of AIM Mid Cap Basic Value Fund
October 30 2006 - 8:38AM
Business Wire
AIM Investments announced today that R. Canon Coleman II will
become lead portfolio manager of AIM Mid Cap Basic Value Fund
effective Nov. 1, 2006. Mr. Coleman, who joined AIM Investments in
2000 as an analyst on the Basic Value Team and named a portfolio
manager in 2003, replaces Bret W. Stanley as lead manager of the
fund. Mr. Stanley will remain as a co-manager along with Michael J.
Simon. Michael Chapman, who recently joined the Basic Value Team
and has more than 10 years experience working in the mid-cap space,
also will become co-manager of the fund. Mr. Stanley will continue
as lead manager of AIM Basic Balanced Fund, AIM Basic Value Fund,
AIM Large Cap Basic Value Fund, AIM V.I. Basic Balanced Fund, and
AIM V.I. Basic Value Fund. �This move follows recent additions to
our team and my belief that all of our Basic Value shareholders
will benefit from the increased focus that will result from this
structure,� said Mr. Stanley, head of AIM�s value investing group.
�Given Canon�s success on the Basic Value Team, we are confident in
his ability to execute the Basic Value investment process and
provide effective leadership for this important fund,� said J.
Philip Ferguson, AIM�s chief investment officer. Mr. Coleman is a
CFA charterholder and joined AIM after serving in the corporate
associate program at AMVESCAP PLC, the parent company of AIM.
Previously, Mr. Coleman worked as a certified public accountant
with Deloitte & Touche from 1993 to 1997. He earned Bachelor of
Science and Master of Science degrees in accounting from the
University of Florida and a Master of Business Administration
degree from The Wharton School at the University of Pennsylvania.
Mr. Chapman joined AIM in 2001 and served on various mid- and
small-cap investment teams before joining the Basic Value Team in
2006. About AIM Investments AIM Investments is dedicated to
building solutions for its clients with exceptional products and
services through multiple investment management styles and a broad
range of investment portfolios � mutual funds, exchange-traded
funds, retirement products, separately managed accounts for
high-net-worth and institutional investors, annuities, cash
management, college savings plans and offshore products. For more
information, visit www.aiminvestments.com. AIM Investments had
approximately $146 billion in assets under management as of Sept.
30, 2006. AIM Investments is a service mark of A I M Management
Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc.,
and AIM Private Asset Management, Inc. are the investment advisors
for the products and services represented by AIM Investments. A I M
Distributors, Inc. is the distributor for the retail mutual funds
and Fund Management Company is the distributor for the
institutional money market funds represented by AIM Investments.
About AMVESCAP A I M Management Group Inc. is a subsidiary of
AMVESCAP PLC, a leading independent global investment manager,
dedicated to helping people worldwide build their financial
security. Operating under the AIM, INVESCO and Atlantic Trust
brands, AMVESCAP strives to deliver outstanding products and
services through a comprehensive array of retail and institutional
products for clients around the world. The Company, which had
approximately $441 billion in assets under management as of Sept.
30, 2006, is listed on the London, New York and Toronto stock
exchanges with the symbol �AVZ.� Additional information is
available at www.amvescap.com. Note to editors -- We are required
to include the following information with our news release:
Consider the investment objectives, risks, and charges and expenses
carefully before investing. For this and other important
information about any AIM fund, please obtain a prospectus from
your financial advisor and read it carefully before investing. For
this and other information about AIM variable insurance funds,
obtain a prospectus from the product issuer or an investment
professional that is an insurance-licensed agent and read it
carefully before investing. The AIM variable insurance funds are
used solely as investment vehicles by insurance company separate
accounts to fund variable annuity contracts and variable life
insurance policies. You cannot purchase shares of the funds
directly. Expenses and fees are determined by product issuers and
will vary. The Chartered Financial Analyst� (CFA�) designation is a
globally recognized standard for measuring the competence and
integrity of investment professionals. A I M Distributors, Inc. AIM
Investments announced today that R. Canon Coleman II will become
lead portfolio manager of AIM Mid Cap Basic Value Fund effective
Nov. 1, 2006. Mr. Coleman, who joined AIM Investments in 2000 as an
analyst on the Basic Value Team and named a portfolio manager in
2003, replaces Bret W. Stanley as lead manager of the fund. Mr.
Stanley will remain as a co-manager along with Michael J. Simon.
Michael Chapman, who recently joined the Basic Value Team and has
more than 10 years experience working in the mid-cap space, also
will become co-manager of the fund. Mr. Stanley will continue as
lead manager of AIM Basic Balanced Fund, AIM Basic Value Fund, AIM
Large Cap Basic Value Fund, AIM V.I. Basic Balanced Fund, and AIM
V.I. Basic Value Fund. "This move follows recent additions to our
team and my belief that all of our Basic Value shareholders will
benefit from the increased focus that will result from this
structure," said Mr. Stanley, head of AIM's value investing group.
"Given Canon's success on the Basic Value Team, we are confident in
his ability to execute the Basic Value investment process and
provide effective leadership for this important fund," said J.
Philip Ferguson, AIM's chief investment officer. Mr. Coleman is a
CFA charterholder and joined AIM after serving in the corporate
associate program at AMVESCAP PLC, the parent company of AIM.
Previously, Mr. Coleman worked as a certified public accountant
with Deloitte & Touche from 1993 to 1997. He earned Bachelor of
Science and Master of Science degrees in accounting from the
University of Florida and a Master of Business Administration
degree from The Wharton School at the University of Pennsylvania.
Mr. Chapman joined AIM in 2001 and served on various mid- and
small-cap investment teams before joining the Basic Value Team in
2006. About AIM Investments AIM Investments is dedicated to
building solutions for its clients with exceptional products and
services through multiple investment management styles and a broad
range of investment portfolios - mutual funds, exchange-traded
funds, retirement products, separately managed accounts for
high-net-worth and institutional investors, annuities, cash
management, college savings plans and offshore products. For more
information, visit www.aiminvestments.com. AIM Investments had
approximately $146 billion in assets under management as of Sept.
30, 2006. AIM Investments is a service mark of A I M Management
Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc.,
and AIM Private Asset Management, Inc. are the investment advisors
for the products and services represented by AIM Investments. A I M
Distributors, Inc. is the distributor for the retail mutual funds
and Fund Management Company is the distributor for the
institutional money market funds represented by AIM Investments.
About AMVESCAP A I M Management Group Inc. is a subsidiary of
AMVESCAP PLC, a leading independent global investment manager,
dedicated to helping people worldwide build their financial
security. Operating under the AIM, INVESCO and Atlantic Trust
brands, AMVESCAP strives to deliver outstanding products and
services through a comprehensive array of retail and institutional
products for clients around the world. The Company, which had
approximately $441 billion in assets under management as of Sept.
30, 2006, is listed on the London, New York and Toronto stock
exchanges with the symbol "AVZ." Additional information is
available at www.amvescap.com. Note to editors -- We are required
to include the following information with our news release:
Consider the investment objectives, risks, and charges and expenses
carefully before investing. For this and other important
information about any AIM fund, please obtain a prospectus from
your financial advisor and read it carefully before investing. For
this and other information about AIM variable insurance funds,
obtain a prospectus from the product issuer or an investment
professional that is an insurance-licensed agent and read it
carefully before investing. The AIM variable insurance funds are
used solely as investment vehicles by insurance company separate
accounts to fund variable annuity contracts and variable life
insurance policies. You cannot purchase shares of the funds
directly. Expenses and fees are determined by product issuers and
will vary. The Chartered Financial Analyst(R) (CFA(R)) designation
is a globally recognized standard for measuring the competence and
integrity of investment professionals. A I M Distributors, Inc.
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