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Fund Times

Fund Times: Openings, Closings, and Manager Changes

AIM expands its horizons, Fidelity limits its tech intake.

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This week AIM expanded its horizons, while Fidelity limited its tech intake.

Openings
AIM Funds has been busy. This week the Houston-based fund complex filed five preliminary prospectuses with the SEC. Long regarded as a growth shop, over the past few years AIM has worked to broaden its lineup--and to appeal to portfolio-minded financial intermediaries who sell the funds to investors. This latest round of fund ideas helps continue that effort to some extent, but none of the new portfolios is a screaming buy.

Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.