American Century Investments has launched three new portfolios: American Century Emerging Markets Debt, American Century Strategic Income and American Century Short Duration Strategic Income.
Emerging Markets Debt, which complements American Century's existing suite of non-US fixed income products, is managed by senior portfolio managers Marge' Karner, John Lovito, Brian Howell and Kevin Akioka.
Strategic Income and Short Duration Strategic Income, which expand upon the firm’s fixed income capabilities, are managed by senior portfolio managers Akioka, Jeffrey Houston, Robert Gahagan, Howell and Karner.
“We’re introducing these products in response to client demand,” says co-chief investment officer David MacEwen. “Our clients are looking for income, as well as possible ways to help protect themselves from interest rate risk. Additionally, we're delighted to welcome Marge' to the team. Her significant expertise in building out and managing emerging market debt products will be a positive addition to our seasoned fixed income group.”
Emerging Markets Debt is a total return fund whose investment strategy is to incorporate emerging markets debt with a global currency overlay. The team will invest at least 80 per cent of the portfolio in fixed income and floating rate securities that are economically tied to emerging market countries markets. The fund’s benchmark is the JP Morgan CEMBI Broad Diversified Index. The Investor class shares have a 0.96 per cent management fee.
Strategic Income is an income fund whose investment strategy employs tactical sector management. The investment team uses an opportunistic sector approach and an income-focused investment process that offers clients broad, multi-sector exposure within its securities. The fund has a 50 per cent maximum single sector exposure limit. Duration will be within two years of the fund’s benchmark, which is the Barclays US Aggregate Bond Index. The Investor class shares have a 0.74 per cent management fee.
Short Duration Strategic Income is an income fund whose investment strategy employs tactical sector management. The investment team uses an opportunistic sector approach and an income-focused investment process that offers clients broad, multi-sector exposure. The fund has a 50 per cent maximum single sector exposure limit. Its shorter duration may help mitigate interest rate risk. Duration will be within two years of the fund’s benchmark, which is the Barclays US Government/Credit 1 – 3 Year Index. The Investor class shares have a 0.74 per cent management fee.
