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Gene Needles, American Beacon

American Beacon Advisors launches two new mutual funds


American Beacon Advisors (American Beacon), a provider of investment advisory services to institutional and retail markets, has launched two new open-end mutual funds.

The American Beacon Shapiro Equity Opportunities Fund and American Beacon Shapiro SMID Cap Equity Fund are both domestic, value-driven growth strategies sub-advised by Shapiro Capital Management (Shapiro) of Atlanta.
 
“These new equity mutual funds complement our existing product lineup and our clients’ distinct portfolio requirements,” says American Beacon Chairman, President and CEO Gene L Needles, Jr (pictured). “Shapiro’s absolute intrinsic-value approach should help us create a stronger experience across full-market cycles.”

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