Aim Investments Inc., a Houston wealth management unit of Amvescap PLC of London, launched a series of six target-date maturity funds.
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The Aim Independence Funds, introduced Tuesday, combine actively managed mutual funds and intelligent indexing, rather than market-cap-weighted indexing, the unit said.
Each fund offers broad asset class diversification, innovative portfolio construction, an affiliated multimanager profile, and strategic institutional allocations, Aim said.
The funds use strategically selected PowerShares exchange-traded funds and Aim mutual funds, which are managed through eight Amvescap investment centers in the United States, Canada, and Europe. Each fund holds 15 to 21 underlying products.
