AIM Investments has unveiled a plan to widen the scope of a real estate fund to be offered on a limited basis to certain investors for investments that would take effect at the close of business April 29.
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The fund is to remain available to existing shareholders for further investment, the company said on Thursday. And investors such as retirement plans and college savings plans may open new accounts if approved by AIM Distributors Inc.
The fund is to invest substantial assets in real estate investment trusts that take risks not associated with investing in stocks, and it can invest up to 25% of its assets in foreign securities that involve risks not associated with investing solely in the United States.
