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

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

Rating:American Century Closes an Equity Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 04, 2011

American Century Closes an Equity Fund

News summary by MFWire's editors

The $9.1 billion American Century Equity Income fund [see profile] is closing to new investors at the end of the month, Morningstar reports.

The fund's closing date is Nov. 30 but shareholders will still be allowed to continue investing in the fund, according to a filing. It reportedly allocates some 20 percent of its assets to convertible bonds, which "has slowed in the U.S. over the last couple of years as persistently low interest rates have led firms to issue straight debt instead," according to Morningstar. The research shop says that scenario likely played a role in the firm's decision to close the fund. 

Edited by: Hung Tran


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use