Their guess of a continued rise in the NAV was, it appears, just that - a guess! I guess this is why I use the statistics from VL and don't bother much with their "opinion."
I'm sure there's plenty more of this sort of thing. All of these very low BETA funds will correlate negatively with growth stocks. Most won't require much assistance by AIM because of the very long cycle times. However, when they finally do make their moves both up and down, we can use AIM as a guide to building out our Income portfolios.