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Rating:American Beacon Unveils a Small-Cap Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 1, 2010

American Beacon Unveils a Small-Cap Fund

Reported by Armie Margaret Lee

American Beacon Advisors [see profile] has unveiled a mutual fund sub-advised by Evercore Asset Management. The American Beacon Evercore Small Cap Equity Fund comes in A, C, Institutional, Y and Investors share classes. [SEC filing].

Company Press Release

American Beacon Announces Equity Fund

FORT WORTH, Texas, Sept. 1 -- 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 Evercore Small Cap Equity Fund (Ticker: ABEIX), to its established family of low-cost, mutual funds.

The Fund seeks to achieve long-term capital appreciation. Its sub-advisor, Evercore Asset Management, LLC ("Evercore"), uses a fundamental, bottom-up investment approach along with proprietary valuation models. Since the firm's founding in 2005, Evercore has focused exclusively on building concentrated portfolios of small- and mid-cap equities. Chris Fasciano, Chief Investment Officer, and Tim Buckley, Senior Portfolio Manager, have primary responsibility for the Fund's day-to-day management. Mr. Fasciano and Mr. Buckley have a working relationship that spans more than a decade and both have more than 20 years of investment experience.

"American Beacon is very excited to be able to offer Evercore's specialization in value-oriented investments in small- and mid-cap companies," said Gene L. Needles Jr., President and CEO of American Beacon Advisors. "Coupled with our own deep industry experience and relationships, this partnership reflects our ongoing commitment to providing a wide variety of investment opportunities for the benefit of our clients."

Evercore selects securities of companies with market capitalizations of $3 billion or less, at the time of investment, that it believes are selling at a discount to their underlying value and have the potential to outperform their benchmark. It seeks securities of companies that are at the low end of their historical valuation range, have business catalysts that will cause other investors to recognize the undervaluation and are led by management teams that can execute the company's plans and realize the company's growth.

"Evercore makes high-conviction investments by applying rigorous independent thinking and in-depth research focused strictly on the fundamentals. We are very pleased to provide our approach to identifying inherent value to American Beacon's clients," said Chris Fasciano, Chief Investment Officer for Evercore's Small- and Mid-Cap Core team.

Ordinarily, at least 80% of the American Beacon Evercore Small Cap Equity Fund's net assets are invested in equity securities of small market capitalization U.S. companies.

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