FUNDRAISING NEWS | November 18, 2024
American Beacon Advisors said November 18 that it has assumed management of two mutual funds previously under the management of investment manager Ninety One North America.
Effective November 15, the Texas-based investment advisory services provider assumed the role of investment advisor for American Beacon Ninety One Global Franchise Fund and American Beacon Ninety One International Franchise Fund. Ninety One, meanwhile, shifted to sub-advisor of the funds.
The mutual funds invest in companies with strong balance sheets and dominant market positions, American Beacon said in a news release announcing the move.
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