MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Monday, September 17, 2007 American Beacon Money Market Funds Make a Mark American Beacon's U.S. Government Money Market Funds have reached $1.2 billion in assets under management. iMoneyNet ranked the American Beacon U.S. Government Money Market Select Fund number 4 among 302 funds for the one-year period ended August 31, 2007. American Beacon Advisors, Inc., manager of the American Beacon Funds, announced on August 31, 2007 that total assets under management for their U.S. Government Money Market Funds reached $1.2 billion. "This is a milestone for American Beacon Advisors as well as our U.S. Government Money Market Fund," said Doug Herring, President of American Beacon Advisors. Among all U.S. Government Institutional Money Market Funds, iMoneyNet ranked the American Beacon U.S. Government Money Market Select Fund #4 among 302 funds for the one-year period, #4 among 269 funds for the three- year period, and #2 among 221 funds for the five-year period ended August 31, 2007 based on annualized total returns. American Beacon's money market expertise is available through multiple funds and classes designed to meet the needs of various investors. For example, the taxable money market strategy is offered through the American Beacon Money Market Select Fund (ASRXX), the American Beacon Money Market Fund - Cash Management Class (AAEXX), the American Beacon Money Market Fund - Institutional Class (AADXX), the American Beacon Money Market Fund - PlanAhead Class(R) (APAXX), and the American Beacon Money Market Mileage Fund (AVMXX). Assets under management across all money market funds were $15.7 billion as of August 31, 2007. The iMoneyNet rankings are historical and may not be indicative of future results. An investment in the Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these Funds. 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. You should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other information is available in each Fund's prospectus, which you may obtain at http://www.americanbeaconfunds.com/ or by calling 1-800-967-9009. Please read the prospectus carefully before investing. A portion of the fees charged to the Fund has been waived. Without this waiver, the Fund's return would have been lower, and the Fund's placement in the rankings would have been less favorable. PlanAhead Class is a registered service mark of American Beacon Advisors, Inc. The American Beacon Funds are distributed by Foreside Fund Services, LLC. American Beacon Advisors, Inc. Printed from: MFWire.com/story.asp?s=15758 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |