AIM Global Health Care AGGHCX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

A small but meaningful change at AIM Global Health Care is encouraging.

This sector fund is going through a positive change in strategy. Manager Derek Taner is finishing the process of decreasing the number of holdings here to about 70 from around 100 and increasing the concentration for the fund's top holdings as well. Read more

Kudos

Expenses have come down.

Unlike the majority of its category peers, this fund isn't top-heavy.

Below-average return volatility. Read more

Risks

Manager Derek Taner has a short track record with AIM, and his three-year record at Franklin Global Health Care was so-so. Read more

Strategy

Manager Derek Taner is a valuation-conscious manager who likes to take a contrarian approach to investing. He seeks to invest in companies whose future growth prospects are undervalued by the market. Read more

Management

In early 2006, Derek Taner took lead management responsibility for this fund from Michael Yellen, who had been at the helm of this fund since early 1996. Previously, Taner managed Franklin Global Health Care from 2002 until he joined AIM in 2005. Dean Dillard was promoted to comanager from analyst in January 2009. Read more

Inside Scoop

Manager Derek Tanner took the helm in January 2006. Though the fund's strategy has merit, we're not ready to back it, as management's execution has been somewhat spotty. Read more

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