With managed accounts now growing faster than mutual funds, one of the nations largest fund companies is looking to sell its investment expertise by marketing model portfolios of its investment styles to other asset management and advisory firms.
AIM Private Asset Management, the Houston subsidiary of Amvescap of London, is marketing its model portfolios for separate accounts managed by bank trusts and brokerage firms private-client divisions. Only one other mutual fund company, Massachusetts Financial Services in Boston, is marketing its investment styles to asset managers. Investment styles are specific strategies used to create portfolios. The model portfolios are groups of securities, selected by professional managers, that reflect these styles.