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

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

Rating:American Beacon Goes Retail With Two Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 06, 2009

American Beacon Goes Retail With Two Funds

News summary by MFWire's editors

Retail investors now have access to the American Beacon Intermediate Bond Fund and the American Beacon Treasury Inflation Protected Securities Fund. This week the Fort Worth, Texas-based asset manager (formerly owned by American Airlines' parent) added its retail "Investor Class" to the two funds, both of which had previously only been available in institutional shares.

Also this week, American Beacon dumped the "Plan Ahead" and "Service" share class names, in favor of Investor and "Advisor" class, respectively (see MFWire, 3/4/2009).

Company Press Release

FORT WORTH, TX – American Beacon Advisors, Inc. announces the creation of two additional Funds to their Investor Class (formerly PlanAhead Class®), the class designed primarily for retail investors. The American Beacon Intermediate Bond Fund – Investor Class (ticker: ABIPX) and the American Beacon Treasury Inflation Protected Securities Fund – Investor Class (ticker: ABTPX) were opened for new investors on March 2, 2009.

The American Beacon Intermediate Bond Fund is multi-manager core bond fund that seeks income and capital appreciation through investments in investment-grade debt obligations. The Fund’s investment strategy seeks to maintain a duration of three to seven years. The Fund’s sub-advisors are Barrow, Hanley, Mewhinney & Strauss, Inc. and American Beacon Advisors, Inc. which managed the Fund since its inception in 1997. American Beacon uses a “manager-of managers” strategy for this Fund, which combines the talents of multiple, leading investment advisory firms within a fund. This strategy has historically produced a diverse portfolio of holdings, while providing for a fund with less volatility.

The American Beacon Treasury Inflation Protected Securities (“TIPS”) Fund is a single-manager fund that seeks inflation protection and income primarily through investments in inflation-indexed debt securities issued by the U.S. Treasury Department and backed by the full faith and credit of the U.S. Government. The Fund’s sub-advisor is NISA Investment Advisors, LLC which managed the Fund since its inception in 2004.

“We are very excited about extending our mutual fund offerings to include these two funds for retail investors,” said Bill Quinn, Chairman of American Beacon Advisors. “We are confident that our ‘manager-of managers’ strategy, below-average expense ratios and return history for the Funds will attract new customers to these Funds.”

About American Beacon Advisors, Inc.

Established in 1986, American Beacon Advisors, Inc. is an experienced provider of investment advisory services to defined benefit plans, defined contribution plans, foundations, endowments, corporations, and other institutional investors as well as retail markets. 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. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use