Armour Group (LSE:AMR)
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American AAdvantage Funds Add New Sub-Adviser
FT. WORTH, Texas, Sept. 27 /PRNewswire/ -- The American AAdvantage Funds are
proud to announce the addition of The Boston Company Asset Management, LLC as a
new sub-adviser to the American AAdvantage Small Cap Value Fund(SM) and the
American AAdvantage International Equity Fund(SM).
The Boston Company, a subsidiary of Mellon Financial Corporation, is an
experienced money manager in the small cap and international markets. They
have managed a portion of the assets of the American AAdvantage Emerging
Markets Fund since its inception in 2000.
The Boston Company becomes the fourth sub-adviser to the $1 billion American
AAdvantage Small Cap Value Fund. They join a team of premier money managers
that includes Barrow, Hanley, Mewhinney & Strauss, Inc., Brandywine Asset
Management, LLC and Hotchkis & Wiley Capital Management, LLC.
In addition, The Boston Company joins three top institutional money managers in
the $1.5 billion American AAdvantage International Equity Fund - Causeway
Capital Management LLC, Templeton Investment Counsel, LLC, and Lazard Asset
Management LLC.
"With the tremendous amount of growth we have seen, we are very excited to
expand our relationship with The Boston Company, a well respected money
manager. Adding a new manager allows us to increase our Funds' capacity and
ensure their diversification," said Bill Quinn, president of the American
AAdvantage Funds.
The American AAdvantage Small Cap Value Fund began offering its shares on
December 31, 1998 and seeks capital appreciation and income primarily through
investments in U.S. stocks with market capitalizations of $3 billion or less at
the time of investment. The Institutional Class of the Fund returned 21.84%
for the one-year period, 16.89% for the five-year period, and 14.48% from
inception through August 31, 2004.
The American AAdvantage International Equity Fund began offering its shares on
August 7, 1991 and seeks capital appreciation through investments in stocks
outside the U.S. The Institutional Class of the Fund returned 24.53% for the
one-year period, 2.93% for the five-year period, and 8.02% for the ten-year
period ended August 31, 2004.
Performance is historical and may not be indicative of future returns.
Investment returns and principal value will vary, and shares may be worth more
or less at redemption than at original purchase.
Investing in the securities of small capitalization companies involves greater
risk and the possibility of greater price volatility than investing in larger
capitalization and more established companies.
Investing in foreign equities entails additional risk not associated with
domestic equities, such as currency fluctuations, economical and political
instability and differences in accounting standards. You should consider the
investment objectives, risk, fees, and expenses of any mutual fund before
investing. Such information is available in the Funds' prospectus, which you
may obtain at http://www.aafunds.com/ or by calling (800) 967-9009. Please
read the prospectus carefully before investing. American AAdvantage Funds(R)
are distributed through SWS Financial Services, Inc., member NASD/SIPC.
DATASOURCE: AMR Investment Services, Inc.
CONTACT: AMR Investments, +1-800-967-9009
Web site: http://www.aafunds.com/