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 |
|
Monday, November 1, 1999 Three Managers, Ten Picks SunAmerica said today it is launching the third of its multi-manager focused funds combining the top ten picks of three managers.
Martin Whitman of Third Avenue Funds, Phillip Davidson of American Century Investments and William Fries of Thornburg Funds will be the advisors of the fund. Steven Neamtz, executive vice president of SunAmerica Mutual Funds said that the fund was launched because "growth and value do not move together and there are reasons to own both types of funds. Focused strategies have beaten the broad market and indexes." The new fund will be marketed through the broker/dealer community, Neamtz said. SunAmerica funds are available though broker/dealers, and many online services including E*Trade and Waterhouse Securities. Merrill Lynch, Pain Webber and Prudential also carry the funds in their lines. "We are advertising the SunAmerica name and AIG name though the television media," Neamtz said. "We just finished ads at the world series." The expense ratio of A shares will be 155 basis points, Neamtz said. Looking into the future Neamtz said the company will continue to launch one fund at a time. "This one is timely to launch at the end of year to defer capital gains. Once we have this launch out of the way we will consider more specialized funds. Maybe by sector or by region." Printed from: MFWire.com/story.asp?s=25079 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |
