Morningstar Rating

Fund Research and Analysis

by Ryan Leggio
AIM Global Growth's recent struggle is not a cause for concern.

The four managers of this fund preferred higher-quality names (those with reasonable debt levels and predictable earnings) well before the current global recession commenced. All of the fund's 10 largest holdings (27% of assets) have an economic moat (which measures structural competitive advantages) and seven, including Coca-Cola KO and Johnson & Johnson JNJ, have durable wide moats.  Read more 

Kudos

Following the bear market of 2000-02, this fund's managers incorporated more fundamental analysis into the process and started paying more attention to valuations.
New domestic-stock manager Robert Lloyd has demonstrated a stock-picking edge at AIM Summit.
The fund's international sleeve is run by the seasoned team at AIM International Growth. Read more 

Risks

Above-average expense ratio. Read more 

Strategy

Three regionally focused teams manage this fund. The managers learned a lesson the hard way and ditched AIM's simplistic earnings-momentum approach in favor of a more conventional growth strategy, underpinned by fundamental research.  Read more 

Management

In February 2008, manager Kirk Anderson left the firm. He was responsible for the U.S. portion of the fund. He has been replaced by Robert Lloyd of AIM Constellation CSTGX and AIM Summit ASMMX. Matthew Dennis and Clas Olsson continue to steer the Europe and Canadian segments, and Barrett Sides picks the Asian and Latin American stocks.  Read more 

Inside Scoop

This fund's management targets large-cap firms primarily in the United States, Europe, and Asia. It especially likes companies with accelerating earnings. The manager picking the U.  Read more 

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