Each fund in the AIM Independence Funds lineup will offer investors asset class diversification, an affiliated multi-manager profile and strategic institutional allocations, according to a press release from the company.
The funds will use a core-plus-satellite construction using strategically selected PowerShares ETFs and AIM mutual funds, which are managed across eight AMVESCAP investment centers in the U.S., Canada and Europe.
Each fund holds 15 to 21 underlying products.
The AIM Independence Funds’ multi-manager approach allows the funds to achieve management diversification and helps minimize the exposure and possible risk associated with single management teams. The funds were also designed using a strategic asset allocation strategy and are periodically rebalanced to maintain the target allocations, the company said.
The largest domestic core equity position in each of the funds has been assigned to the PowerShares FTSE RAFI US 1000 Portfolio.
The list of the funds are as follows:
- AIM Independence Now Fund, retire before 2010,
- AIM Independence 2010 Fund, retire between 2010 – 2014,
- AIM Independence 2020 Fund, retire between 2015 – 2024,
- AIM Independence 2030 Fund, retire between 2025 – 2034,
- AIM Independence 2040 Fund, retire between 2035 – 2044; and
- AIM Independence 2050 Fund, retire between 2045 – 2054.