American Beacon Advisors has launched the American Beacon Flexible Bond Fund, which seeks to deliver positive returns no matter what the market direction by investing in a broad range of fixed income instruments.
The fund has three sub-advisors: PIMCO, Brandywine Global Investment Management and GAM International Management.
“We are very excited to offer the American Beacon Flexible Bond Fund at a time when more retail and institutional investors seek absolute rather than relative returns,” said Gene L. Needles, Jr., president and CEO of American Beacon. “We have uniquely integrated multiple, highly regarded asset managers in a single mutual fund in order to offer greater diversification, minimize portfolio volatility and pursue positive performance.”
The fund will invest in bonds, interest rates and currencies with little or no traditional benchmark-oriented constraints. Among bonds, the fund will invest in all sectors and security types including inflation-oriented, floating rate and non-investment grade.
“Advisers and investors are embracing the shift toward more flexibility, seeking strategies that enable them to invest in an asset class, unconstrained by the restrictions of traditional benchmarks,” Needles said. “With a flexible fixed income strategy and absolute-return focus, the American Beacon Flexible Bond Fund attempts to capitalize on pricing dislocations and pursue maximum value wherever it may exist, presenting a promising core holding in a variety of economic and interest rate environments.”
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