AIM Introduces Series of Lifecycle Funds

AIM Investments has launched a series of six target-date maturity portfolios that feature actively managed mutual funds.

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 funds are:

  • AIM Independence Now Fund, for those who retire before 2010,
  • AIM Independence 2010 Fund, for those who retire between 2010 and 2014,
  • AIM Independence 2020 Fund, for those who retire between 2015 and 2024,
  • AIM Independence 2030 Fund, for those who retire between 2025 and 2034,
  • AIM Independence 2040 Fund, for those who retire between 2035 and 2044; and
  • AIM Independence 2050 Fund, for those who retire between 2045 and 2054.