American Beacon Advisors, a US-based privately owned investment manager, has launched the American Beacon Earnest Partners Emerging Markets Equity Fund.
The fund, which commenced operations on 19 September 2013, will offer five classes of shares such as ABEEX (Institutional Class), ABEVX (Investor Class), ABEGX (Y Class), ABEAX (A Class) and ABETX (C Class).
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American Beacon Advisors said that the fund aims to achieve long-term capital appreciation by investing in equity securities of companies based in emerging markets.
Gene Needles, president and CEO of American Beacon, said: "The launch of this fund exemplifies American Beacon’s commitment to seeking long-term outperformance for our investors by selecting sub-advisors we consider to be the best of the best.
"We believe that EARNEST Partners’ well-designed core investment strategy should provide our investors with diversified and risk-managed exposure to emerging markets at a time when active management is critical to capitalizing on the growth opportunities and identifying the business challenges inherent in emerging markets," Needles added.
EARNEST Partners, a registered investment advisor with US$21 billion in assets under management as of 30 June 2013, is sub-advisor of the newly launched fund.
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By GlobalDataTrey Greer, a partner at EARNEST Partners, said: "EARNEST Partners has invested in emerging markets for over 14 years. We are now positioned to deliver diversification and long-term capital appreciation across emerging markets to a wider range of investors."
