These new equity mutual funds complement our existing product lineup and our clients’ distinct portfolio requirements.
Irving, TX (PRWEB) September 12, 2017
American Beacon Advisors, Inc. (“American Beacon”), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of two new open-end mutual funds. American Beacon Shapiro Equity Opportunities Fund and American Beacon Shapiro SMID Cap Equity Fund are domestic, value-driven growth strategies sub-advised by Shapiro Capital Management LLC (“Shapiro”) of Atlanta.
“These new equity mutual funds complement our existing product lineup and our clients’ distinct portfolio requirements,” American Beacon Chairman, President and CEO Gene L. Needles, Jr., said. “Shapiro’s absolute intrinsic-value approach should help us create a stronger experience across full-market cycles.”
American Beacon Shapiro Equity Opportunities Fund
Institutional Class: SHXIX
Investor Class: SHXPX
Y Class: SHXYX
- Long-term capital appreciation
- The Fund will invest in value companies of all market capitalizations
American Beacon Shapiro SMID Cap Equity Fund
Institutional Class: SHDIX
Investor Class: SHDPX
Y Class: SHDYX
- Long-term capital appreciation
- The Fund will invest principally in small- and mid-capitalization domestic companies
About American Beacon Advisors
An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors, Inc. is a leading provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a “manager of managers” investment style and currently include international and domestic equity, fixed-income, alternative and money market funds. As of June 30, 2017, American Beacon Advisors had $57.0 billion in assets under management; Resolute Investment Managers had $62.4 billion in assets under management. For more information, go to http://www.americanbeaconadvisors.com or follow on Twitter via @AmBeacon.
About Shapiro Capital Management LLC
Shapiro Capital Management LLC, founded in 1990 by Samuel Shapiro and Michael McCarthy, is a professional investment advisory firm based in Atlanta. In April 2017, Shapiro became an indirect, majority-owned affiliate of Resolute Investment Managers, Inc. Shapiro focuses on institutional-quality, value-oriented investments and employs a team-oriented investment process that is driven by deep fundamental research and concentrated portfolios. Shapiro serves as a sub-advisor to the American Beacon Shapiro Equity Opportunities Fund and the American Beacon Shapiro SMID Cap Equity Fund. As of June 30, 2017, the firm had approximately $4.2 billion in assets under management. For more information about the firm, visit http://www.shapirocapital.com.
Important Information: All investing involves risk including the possible loss of principal. Investing in value stocks may limit downside risk over time; however, the Funds may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Because the Funds may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the Funds’ value. The Funds may participate in a securities lending program. The use of futures contracts for cash management may subject the Funds to losing more money than invested. In addition, the American Beacon Shapiro SMID Cap Fund is subject to the following risk: Investing in small- or mid-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Please see the prospectus for a complete discussion of each Fund’s risks. There can be no assurances that the investment objectives of these Funds will be met.
The Funds are distributed by Foreside Fund Services, LLC.
American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds, American Beacon Shapiro Equity Opportunities Fund and American Beacon Shapiro SMID Cap Equity Fund are service marks of American Beacon Advisors, Inc.