American Beacon Announces Equity Fund
American Beacon Evercore Small Cap Equity Fund (ABEIX)
FORT WORTH, Texas, Sept. 1 /PRNewswire/ -- 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.
To request more information, please contact Amiee Watts at 973-784-0025 or [email protected].
About American Beacon Advisors
American Beacon Advisors is an experienced provider of investment advisory services to institutional and retail markets. Since 1986, American Beacon Advisors has offered a variety of products and services including corporate cash management and fixed income separate account management for corporations, institutions as well as state and local government entities.
American Beacon Advisors also manages the American Beacon Funds, a series of mutual funds representing a variety of investment strategies for the equity, fixed income, domestic and international markets. The fund family currently includes several investment options such as equity funds, bond funds and money market funds. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors as well as retail clients.
You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Prospectus and Summary Prospectus, contain this and additional information regarding the Fund. To obtain a Prospectus or Summary Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus and Summary Prospectus, should be read carefully before investing.
Distributed by Foreside Fund Services, LLC. American Beacon Funds is a service mark of American Beacon Advisors, Inc. There is no guarantee that the investment objectives will be met. Investing in the securities of small and mid- capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies.
SOURCE American Beacon Advisors
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