AIM Management Group of Houston has kicked off a mutual fund based on the philosophy of the investment guru Harry S. Dent Jr.
The AIM Dent Demographic Trends Fund is the first to be modeled after the ideas of the best-selling author and strategic consultant.
But AIM is not the first investment company to use Mr. Dent's philosophy. This spring Van Kampen unveiled a unit investment trust based on "The Roaring 2000s," a book by Mr. Dent.
AIM's fund is an all-cap growth fund investing primarily in U.S. companies that could benefit from demographic, economic, and lifestyle trends.
Mr. Dent supplies the fund's managers with research and recommendations. The fund is managed by AIM chief equity officer Edgar M. Larsen, senior portfolio manager Lanny H. Sachnowitz, and portfolio manager Derek H. Webb.
Mr. Dent, who also wrote "The Great Boom Ahead," has predicted that consumer spending will surge because the baby boom generation has reached its peak spending years.
AIM has $112 billion of assets under management, making it the nation's 10th-largest mutual fund complex, according to the research firm Strategic Insight.