(Opalesque) Opalesque Industry Update – American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund (Institutional Class: GLGIX, Investor Class: GLGPX) today. The Fund became effective May 20.
The American Beacon GLG Total Return Fund is managed in an absolute-return style focused predominately in fixed income instruments of issuers that are economically tied to emerging market countries. The Fund’s sub-advisor, GLG employs a primarily bottom-up and top-down investment process in which country credits, currencies and local rate curves are analyzed for relative value. Man GLG, a wholly owned subsidiary of Man Group plc (“Man Group”), is a discretionary investment manager offering absolute return and long-only funds across asset classes, sectors and geographies. The Fund’s portfolio manager, Guillermo Osses, has 24 years of experience in emerging markets fixed income investing.
