The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Smelling Opportunities, American Beacon Reopens the Gates to a Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 09, 2008

Smelling Opportunities, American Beacon Reopens the Gates to a Fund

News summary by MFWire's editors

American Beacon Advisors, which is in the process of being sold to private equity by American Airlines' parent company, has reopened the doors to its Small Cap Value Fund to new investors. The fund, which had AUM of $2.4 billion at the end of July, closed to new investors in February 2005.

"We have reopened the Fund to allow for new cash flows to take advantage of the many buying opportunities that present themselves in the market today," said American Beacon Advisors chairman Bill Quinn.

In April, AMR Corp., which also owns American Airlines, announced it was selling American Beacon Advisors to Lighthouse Holdings, which is owned by investment funds affiliated with private equity firms Pharos Capital Group and TPG Capital The MFWire, April 16, 2008).

Company Press Release

FORT WORTH, TX, Sep 08, 2008 (MARKET WIRE via COMTEX) -- American Beacon Advisors, Inc. is announcing that the American Beacon Small Cap Value Fund has reopened to new investors. This change applies to all classes of the Fund. These classes include the Institutional Class (AVFIX), the PlanAhead Class(R) (AVPAX) and the Service Class (AASSX).

The Fund was closed to new investors in February 2005. As of July 31, 2008, the Fund had $2.4 billion in assets under management.

"We have reopened the Fund to allow for new cash flows to take advantage of the many buying opportunities that present themselves in the market today," said Bill Quinn, Chairman of American Beacon Advisors. "We are confident that our 'manager-of managers' strategy, below-average expense ratios and return history for the Fund will help us to attract new customers to the Fund. We will continue to monitor the Fund's asset levels to determine when further growth would no longer benefit the Fund's shareholders."

American Beacon uses a "manager-of managers" strategy for the Fund which combines the talents of multiple, leading investment advisory firms within a fund. This strategy has historically produced a diverse universe of stocks that have had above-average growth potential, while providing for a fund with less volatility. The Fund's sub-advisors are Brandywine Global Investment Management, LLC; The Boston Company Asset Management, LLC; Opus Capital Group, LLC; Barrow, Hanley, Mewhinney & Strauss, Inc.; Hotchkis and Wiley Capital Management, LLC; Dreman Value Management, LLC; and Metropolitan West Capital Management, LLC.

About American Beacon Advisors, Inc.

Established in 1986, American Beacon Advisors, Inc. is an experienced provider of investment advisory services to institutional and retail markets. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations, and other institutional investors. American Beacon Advisors also manages the American Beacon Funds, a series of low-cost, no-load mutual funds open to institutional investors, retirement accounts such as IRAs, and individual investors. The fund family currently includes a variety of portfolios spanning longer-range investments in international and domestic equity categories as well as short-term investment options including money market funds. 

Edited by: Armie Margaret Lee

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use