MutualFundWire.com: Fund Buyers Get New Web Site
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Wednesday, October 6, 1999

Fund Buyers Get New Web Site


Those investing in AIM's mutual fund investors can now conduct their transactions online through the company's Web site. The new service allows existing shareholders to use the Internet to exchange and redeem shares in existing accounts for all of AIM's 55 funds.

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    • "The goal of aimfunds.com is to provide easily accessible information and customized services that meet the needs of our clients," said Margaret Reilly, AIM's director of electronic commerce. "Offering online transaction capabilities is a natural step for our Web site as we think our customers will benefit from this convenient service."

    Internet trading capabilities have traditionally encouraged rapid fire trading potentially causing market timers' ears to perk up when hearing about the new capabilities. However, John Roehm, a spokesperson for AIM said he does'nt think the e-commerce addition will have that affect.

    Most AIM investors use financial advisors who would likely discourage mutual fund trading, Roehm said. For this reason, the company has no plans to extend its technology to allow customers to open accounts over the Internet.


    Printed from: MFWire.com/story.asp?s=24644

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