American AAdvantage Funds Add New Sub-Adviser
September 27 2004 - 9:00AM
PR Newswire (US)
American AAdvantage Funds Add New Sub-Adviser FT. WORTH, Texas,
Sept. 27 /PRNewswire/ -- The American AAdvantage Funds are proud to
announce the addition of The Boston Company Asset Management, LLC
as a new sub-adviser to the American AAdvantage Small Cap Value
Fund(SM) and the American AAdvantage International Equity Fund(SM).
The Boston Company, a subsidiary of Mellon Financial Corporation,
is an experienced money manager in the small cap and international
markets. They have managed a portion of the assets of the American
AAdvantage Emerging Markets Fund since its inception in 2000. The
Boston Company becomes the fourth sub-adviser to the $1 billion
American AAdvantage Small Cap Value Fund. They join a team of
premier money managers that includes Barrow, Hanley, Mewhinney
& Strauss, Inc., Brandywine Asset Management, LLC and Hotchkis
& Wiley Capital Management, LLC. In addition, The Boston
Company joins three top institutional money managers in the $1.5
billion American AAdvantage International Equity Fund - Causeway
Capital Management LLC, Templeton Investment Counsel, LLC, and
Lazard Asset Management LLC. "With the tremendous amount of growth
we have seen, we are very excited to expand our relationship with
The Boston Company, a well respected money manager. Adding a new
manager allows us to increase our Funds' capacity and ensure their
diversification," said Bill Quinn, president of the American
AAdvantage Funds. The American AAdvantage Small Cap Value Fund
began offering its shares on December 31, 1998 and seeks capital
appreciation and income primarily through investments in U.S.
stocks with market capitalizations of $3 billion or less at the
time of investment. The Institutional Class of the Fund returned
21.84% for the one-year period, 16.89% for the five-year period,
and 14.48% from inception through August 31, 2004. The American
AAdvantage International Equity Fund began offering its shares on
August 7, 1991 and seeks capital appreciation through investments
in stocks outside the U.S. The Institutional Class of the Fund
returned 24.53% for the one-year period, 2.93% for the five-year
period, and 8.02% for the ten-year period ended August 31, 2004.
Performance is historical and may not be indicative of future
returns. Investment returns and principal value will vary, and
shares may be worth more or less at redemption than at original
purchase. Investing in the securities of small capitalization
companies involves greater risk and the possibility of greater
price volatility than investing in larger capitalization and more
established companies. Investing in foreign equities entails
additional risk not associated with domestic equities, such as
currency fluctuations, economical and political instability and
differences in accounting standards. You should consider the
investment objectives, risk, fees, and expenses of any mutual fund
before investing. Such information is available in the Funds'
prospectus, which you may obtain at http://www.aafunds.com/ or by
calling (800) 967-9009. Please read the prospectus carefully before
investing. American AAdvantage Funds(R) are distributed through SWS
Financial Services, Inc., member NASD/SIPC. DATASOURCE: AMR
Investment Services, Inc. CONTACT: AMR Investments, +1-800-967-9009
Web site: http://www.aafunds.com/
Copyright