A West Coast mutual fund shop is shutting down a value fund.
| Michael J. Moore|
American Money Management
Chief Investment Officer
to liquidate its Fallen Angels Value Fund
on October 16. The one-star
, nine-year-old fund has $8.4 million in AUM, per Morningstar.
could not immediately reach Mike Moore
, chief investment officer of Rancho Santa Fe, California-based American Money Management, for comment on the planned liquidation.
AMM also offers another fund: the two-star
, $9.1-million Fallen Angels Income Fund
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