American Beacon Partners with Man Group for New Emerging Market Debt Fund
Irving, TX (PRWEB) May 23, 2016 -- American Beacon Advisors, Inc. (“American Beacon”), an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund (Institutional Class: GLGIX, Investor Class: GLGPX) today. The Fund became effective May 20.
The American Beacon GLG Total Return Fund (“the Fund”) is managed in an absolute-return style focused predominately in fixed income instruments of issuers that are economically tied to emerging market countries. The Fund’s sub-advisor, GLG LLC (“Man GLG”) employs a primarily bottom-up and top-down investment process in which country credits, currencies and local rate curves are analyzed for relative value. Man GLG, a wholly owned subsidiary of Man Group plc (“Man Group”), is a discretionary investment manager offering absolute return and long-only funds across asset classes, sectors and geographies. The Fund’s portfolio manager, Guillermo Osses, has 24 years of experience in emerging markets fixed income investing.
In August 2014, American Beacon and Man Group launched the American Beacon AHL Managed Futures Strategy Fund (Institutional Class: AHLIX, Investor Class: AHLPX). Man AHL, a wholly owned subsidiary of Man Group, is a pioneer in systematic trading offering 100% systematic alternative and long strategies.
“We are looking forward to building off the success of our first mutual fund launch with our partners at Man Group,” Gene L. Needles, Jr., Chairman, President and CEO of American Beacon, said. “The team at Man GLG has a proven investment process and the experience to navigate the increasingly complex environment of emerging market debt.”
“We are excited to expand on Man’s existing partnership with American Beacon and introduce our second ‛40 Act product for U.S. investors,” said Eric Burl, Co-Head of Global Sales and Head of Americas at Man. “Combining American Beacon’s robust distribution with Man GLG’s emerging market debt expertise allows us to continue offering institutional quality products in the mutual fund format.”
About American Beacon Advisors
Established in 1986, American Beacon is an experienced provider of investment advisory services to institutional and retail markets. 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 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, liquid alternative and money market funds. As of March 31, 2016, American Beacon Advisors had $51.4 billion in assets under management. For more information, go to http://www.americanbeaconfunds.com or follow on Twitter via @AmBeacon.
About Man Group
Man Group is one of the world’s largest independent alternative investment managers, and a leader in liquid investment strategies. Across its four investment managers (Man AHL, Man FRM, Man GLG and Man Numeric), Man Group has diverse hedge fund strategies and long only products across equity, credit, managed futures, convertibles, emerging markets and multi-manager solutions. As of March 31, 2016, Man Group had $78.6 billion in funds under management.
Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at http://www.man.com.
You should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund(s). To obtain a prospectus or summary prospectus, please contact your financial advisor, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.
Important Information for American Beacon GLG Total Return Fund:
Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of fixed-income securities entails interest rate and credit risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
Important Information for American Beacon AHL Managed Futures Strategy Fund:
Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
Distributed by Foreside Fund Services, LLC.
American Beacon is a registered service mark of American Beacon Advisors, Inc.
American Beacon Funds, American Beacon AHL Managed Futures Strategy Fund and American GLG Total Return Fund are service marks of American Beacon Advisors, Inc.
Stephen Graddy, American Beacon Advisors, http://www.americanbeaconfunds.com/news/MediaContact.aspx, +1 (817) 391-6177, [email protected]
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