American Express Adds to Partners Fund Series

December 3, 2001 (PLANSPONSOR.com) - American Express Financial Corporation has filed a registration statement with the Securities and Exchange Commission (SEC) for two new sub-advised mutual funds slated for launch in March 2002.

The funds will be sub-advised by independent asset managers and will carry the AXP Partners brand. The funds are:

  • AXP Partners Select Value Fund, a multi-cap equity fund to be subadvised by Gabelli Asset Management Company
  • AXP Partners Small Cap Core Fund, a small cap equity fund to be subadvised by Pilgrim Baxter & Associates and Wellington Management Company.

The American Express Partners mutual fund series currently consists of five funds that invest in the value and international areas of the market.

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The funds’ assets are either subadvised by a single subadviser or multiple subadvisers managing equal portions of the fund.

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