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, August 31, 2015 American Beacon Prepares to Adopt a Growth Fund American Beacon [profile] is preparing to effectively take over another mutual fund run by one of its subadvisors while keeping that subadvisor involved. On Thursday the board of the four-star, $156.9-million Bridgeway Large-Cap Growth Fund [profile] approved a plan to reorganize the mutual fund into a brand new one, the American Beacon Bridgeway Large Cap Growth Fund. Pending shareholder approval, the reorg is slated for next quarter. MFWire could not immediately reach a Bridgeway spokesperson for comment for this story. A spokesman for American Beacon declined to comment and referred MFWire to the filing. This is the second time that American Beacon has effectively adopted a Bridgeway mutual fund. American Beacon already advises, with Bridgeway subadvising, the five-star, $1.8-billion American Beacon Bridgeway Large Cap Value Fund. Printed from: MFWire.com/story.asp?s=52540 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |