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 |
|
Wednesday, June 30, 2004 American AAdvantage Spins Props on Two New Funds AMR Investment Services has completed the pre-flight checklist for two new mutual funds and is signaling them down the runway. Both the American AAdvantage Mid-Cap Value Fund and the American AAdvantage Treasury Inflation Protected Securities Fund joined the squadron of funds advised by Fort Worth, Texas-based AMR Investments, a unit of American Airlines, on Tuesday. Both of the two new funds, which are the nineteenth and twentieth in the squadron, are subadvised. Barrow, Hanley, Mewhinney & Strauss, Inc. and Pzena Investment Management, LLC won the mandates for the Mid-Cap Value Fund while Brown Brothers Harriman & Co. and NISA Investment Advisors, LLC will split portfolio management duties for the TIPs fund. Hiring subadvisors is nothing new for AMR Investments. The firm got its start managing the selecting investment managers for the airline's pension and 401(k) programs. It then took those manager-of-managers skills to other employers and fund investors. AMR Investments' assets under management, as of May 31, 2004, were $32.9 billion, including approximately $16.2 billion under active management and $16.7 billion as named fiduciary or financial adviser, according to the firm. "We believe TIPS funds will become increasingly popular within pension and 401(k) plans in light of the current strong economic environment that is likely to see higher inflation and interest rates," said Bill Quinn, President of AMR Investments. Printed from: MFWire.com/story.asp?s=7519 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |