American Beacon Advisors has launched the American Beacon Bridgeway Large Cap Growth Fund, the firm’s second fund in conjunction with Bridgeway Capital Management (Bridgeway).
The large-cap growth strategy utilised by the fund was first launched by Bridgeway on 31 October, 2003, and seeks to provide long-term total return of capital, primarily through capital appreciation. As of 31 January, 2016, the Fund held a four-star overall rating from Morningstar based on risk-adjusted returns among 1,546 funds in the US-domiciled Large Growth category. The Fund had USD151 million in net assets as of 31 January, 2016.
"This new fund continues our recent efforts to further diversify our product line beyond the value-oriented products that have been the foundation of the company," says Gene L Needles, Jr (pictured), President and Chief Executive Officer of American Beacon. "We are pleased to provide our clients with an opportunity to access the growth perspective of Bridgeway's investment approach."
The Fund is the second mutual fund reorganised into the American Beacon Funds family from Bridgeway. American Beacon previously launched the American Beacon Bridgeway Large Cap Value Fund (Institutional Class: BRLVX; A Class: BWLAX) in February 2012.
"Expanding our partnership with American Beacon allows us to remain focused on our disciplined investment approach and serve more investors," John Montgomery, Founder and Chief Investment Officer of Bridgeway, which remains the Fund's sole sub-advisor, says. "We are pleased to meet the high standards that American Beacon demands for its clients. By strictly adhering to evidence-based stock selection and multi-factor diversification, we believe we can serve investors' interests well for the long term."