American Beacon Advisors, which caters to institutional and retail markets, has unveiled a new mutual fund in association with Man Group.
Based on the Man AHL TargetRisk multi-asset programme, the new strategy will target capital growth combining a long-only approach, active risk management, and diversification.
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American Beacon AHL TargetRisk Fund will offer exposure to equities, bonds, interest rates, corporate credit, and commodities.
It aims to offer a stable volatility level irrespective of the conditions in the market.
American Beacon chairman and CEO Gene Needles said: “We believe the launch of this strategy as a U.S. ‘40 Act vehicle is timely.
“By design, this Fund is adaptive and capable of dynamically maneuvering through various market environments, potentially making it an attractive solution for investors seeking to diversify their portfolios as the U.S. bull market ages.”
The two companies earlier collaborated to roll out the American Beacon GLG Total Return Fund.
Man AHL also subadvises the American Beacon AHL Managed Futures Strategy fund.
Man AHL co-CEO and CIO Matthew Sargaison said: “Since 2014, we’ve found American Beacon to be an ideal strategic partner for us and are pleased to be collaborating with them again.
“Their understanding of the industry and broad distribution network will allow more investors to access and potentially benefit from the strategy, at a time when many are concerned about market volatility.”
