Fund Openings, Closings, Manager Moves: AIM to Launch Two New Funds

AIM Funds is keeping busy these days.

Over the last four months the Houston-based fund shop has closed three small- or mid-cap funds; last week it announced plans to ask shareholders to approve five fund mergers, and Friday it'll roll out two new stock funds: Emerging Growth and Large Cap Opportunities.

Emerging Growth will be an all-cap growth fund probably focusing on small- and mid-cap stocks. Bob Kippes and Ryan Crane will call the shots. The pair also work together on (AAGFX Quote)Aggressive Growth and (GTSAX Quote)Small Cap Growth, two tech-heavy funds which are both up more than 100% over the past year. ...