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Rating:American Beacon Unveils a Global Real Estate Fund Not Rated 1.0 Email Routing List Email & Route  Print Print
Tuesday, March 02, 2010

American Beacon Unveils a Global Real Estate Fund

Reported by InvestmentWires Staff, 

American Beacon Advisors has taken the wraps off the American Beacon Global Real Estate Fund. The fund was previously managed by CNL Fund Advisors Company.

"The transfer of the Fund's assets to the American Beacon Fund has the potential to reduce costs for shareholders, as a result of American Beacon's efficiencies of scale and contractual expense ratio limits, which will extend to February 28, 2011," American Beacon officials said in a news release.

The fund now uses CB Richard Ellis Global Real Estate Securities LLC as sub-advisor.
Company Press Release

FORT WORTH, Texas, March 2 /PRNewswire-FirstCall/ -- American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, is pleased to announce the addition of a new mutual fund, American Beacon Global Real Estate Fund (Tickers: CGLAX and CGLIX), to its established family of mutual funds.

The American Beacon Global Real Estate Fund seeks to achieve a high total return through a combination of current income and capital appreciation. The Fund invests in securities including common equities, preferred equities and convertible debt issued by real estate and real estate-related companies located primarily in North America, Europe and the Asia-Pacific region. It may select from large-, mid- and small-cap companies including Real Estate Investment Trusts and Real Estate Operating Companies.

"We are incredibly pleased to offer for the first time a Global Real Estate Fund to our investors and expand American Beacon's diverse offering of investment choices," said Gene L. Needles Jr., President and CEO of American Beacon Advisors. "The Global Real Estate Fund presents a unique opportunity for investors who seek exposure to real estate companies across the market-cap and regional spectrum. This addition reflects American Beacon's ongoing commitment to providing a multitude of strategies, from international and domestic equity to fixed-income and money market funds."

The Global Real Estate Fund was formerly managed by CNL Fund Advisors Company. The transfer of the Fund's assets to the American Beacon Fund has the potential to reduce costs for shareholders, as a result of American Beacon's efficiencies of scale and contractual expense ratio limits, which will extend to February 28, 2011.

The Fund has appointed CB Richard Ellis Global Real Estate Securities, LLC (CBRE GRES) as the Fund's sub-advisor and portfolio manager with primary responsibility for the day-to-day management of the Fund. CBRE GRES is focused on managing portfolios of exchange-listed global real estate securities in North America, Europe and Asia Pacific on behalf of investors and has dedicated real estate securities investment management offices in Baltimore, London, Sydney, and Tokyo. CBRE GRES principals have an average of 14 years of experience related to the investment management of listed U.S. and global real estate securities portfolios. CBRE GRES is an indirect independently managed subsidiary of CB Richard Ellis Group, Inc., the world's largest commercial real estate services firm (in terms of 2009 revenues).

To request more information, please contact Katrine Winther-Olesen at 973-400-1341 or katrine@jcprinc.com.

About American Beacon Advisors

American Beacon Advisors is an experienced provider of investment advisory services to institutional and retail markets. Since 1986, American Beacon Advisors has offered a variety of products and services including corporate cash management and fixed income separate account management for corporations, institutions, and state and local government entities.

American Beacon Advisors also manages the American Beacon Funds, a family of mutual funds. The fund family currently includes several short-term investment options such as bond funds and money market funds. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors as well as retail clients.

You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Prospectus contains this and additional information regarding the Fund. To obtain a Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus should be read carefully before investing.

Important Information: There is no guarantee that the investment objectives will be met. Investing in a global fund concentrating in real estate securities involves special risks, such as declines in the value of real estate as well as increased susceptibility to adverse economic, political or regulatory developments affecting the industry. Investing in one economic sector, such as real estate, may result in greater price fluctuations than owning a portfolio of diversified investments. Changes in interest rates may also affect the value of the Fund's investments in real estate securities. The real estate industry tends to be cyclical and therefore such cycles may adversely affect the value of the Fund's portfolio. The Fund may invest in smaller and mid-size companies. Certain real estate securities have a relatively small market capitalization, which may tend to increase the volatility of the market price of their securities. Investing in the securities of small capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies. Investing in foreign equities entails additional risk not associated with domestic equities, such as currency fluctuations, economic and political instability and differences in accounting standards. The risks of investing in foreign equities are heightened when investing in emerging markets. By itself, the Fund does not constitute a complete investment plan and should be considered a long term investment for investors who can afford to weather changes in the value of their investments. Some of the Fund's investments may be considered speculative and are not appropriate for individuals who require safety of principal or stable income from their investments.

Distributed by Foreside Fund Services, LLC.

American Beacon Funds and American Beacon Global Real Estate Fund are service marks of American Beacon Advisors, Inc.
 

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