American Century Responds to Investor Appetite for Real Estate Securities
Reported by Armie Margaret Lee
American Century Investments has added to its roster of global, alternative and inflation protection products. The Kansas City, Missouri-based
fund firm launched the American Century Global Real Estate Fund.
Senior PM Steven Brown will run the fund supported by analysts Steven Rodriguez
and Vishal Govil.
"In the last five years, we have seen a shift in preference to global investing as clients seek
higher returns and ways to possibly reduce the impact of inflation," Brown said in a press
release on Monday.
Company Press Release
AMERICAN CENTURY INVESTMENTS INTRODUCES GLOBAL REAL ESTATE FUND
KANSAS CITY, Mo., Aug. 1, 2011 – With growing investor demand for exposure to domestic and international real estate securities, American Century Investments announces the launch of American Century Global Real Estate Fund. Global Real Estate strengthens American Century Investments’ suite of global, alternative and inflation protection product solutions, according to the company.
Global Real Estate seeks to outperform the MSCI AC World IMI Real Estate Index with lower volatility over a full market cycle. At least 75 percent of the portfolio's weight will be invested in developed market real estate-related securities and up to 25 percent in emerging markets. The fund will leverage the capabilities, track record and global reputation of its current domestic real estate management team to address growing global real estate opportunities.
Global Real Estate will be led by veteran Senior Portfolio Manager Steven Brown. Investment analysts Steven Rodriguez and Vishal Govil will support Brown in the daily management.
Brown has more than 19 years of investment experience. Prior to joining American Century Investments in 2008, Brown spent six years at Neuberger Berman. He has a bachelor's degree in economics and an MBA in finance from New York University.
"In the last five years, we have seen a shift in preference to global investing as clients seek higher returns and ways to possibly reduce the impact of inflation," said Brown. "The fund has the added benefit of potentially increasing investors’ portfolio diversification."
American Century Investments is a leading privately-controlled investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub- advisory accounts.