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Portfolio > Alternative Investments > Hedge Funds

AIM Closes Two Funds

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Aug. 23, 2002 — The AIM Global Infrastructure Fund/A (GIFAX) and the AIM Euroland Growth Fund/A (GTGEX), which are slated to be merged, will close to new investors today in connection with the reorganization.

AIM Advisors is seeking shareholder approval to combine the Global Infrastructure fund with the AIM Global Utilities Fund/A (AUTLX), and to merge the Euroland Growth fund into the AIM European Growth Fund/A (AEDAX) , formerly called the AIM European Development fund.

The surviving funds have more assets and have performed better over the long term than the funds being eliminated, AIM said previously in regulatory filings.

The reorganization, which the fund company disclosed in May, is expected to be completed on September 23.


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