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Friday, January 28, 2000 American Century Closes International Fund American Century will be closing its International Discovery Fund to new investors at the close of business today, after reaching an asset level of $2.3 billion, in order to keep the fund manageable for its small- and mid- cap focus.
The fund was launched in mid 1994 and had a return of 88.54% in 1999 -- it has an annual return of 30.33% over the past five years. It is co-managed by Henrik Strabo, Mark Kopinski and Brian Brady. A company spokesperson said that no further closures are planned for the near future, but each product is continually evaluated on a fund by fund basis. Printed from: MFWire.com/story.asp?s=25497 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |