Products June 19, 2003

AMEX Launches Three New Fixed-Income Funds

June 19, 2003 (PLANSPONSOR.com) - American Express Financial Corporation has popped the top on a trio of new mutual funds.
Reported by

American Express launched the three new funds to provide further differentiation and diversification options within the American Express Funds fixed income product line, according to a news release.   The new funds are:

  • AXP Limited Duration Fund – invests in a blend of intermediate-term investment grade securities, including securities issued by the USGovernment, corporate securities, and mortgage- and asset-backedsecurities.
  • AXP Core Bond Fund – invests in ablend of intermediate-term investment grade securitiesincluded in the Lehman Brothers Aggregate Bond Index.
  • AXP Income Opportunities Fund – invests primarily in income-producing debt securities, preferred stocks and convertible securities, with an emphasis on the higher-rated segment of the high-yield market.

The funds are available through American Express financial advisors, American Express Brokerage and select American Express retirement plans.

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