AIG SunAmerica Asset Management Corp., has announced the launch of the SunAmerica Focused Alpha Large-Cap Fund, a closed-end fund which will invest in both large-cap and large-cap value stocks. The fund is now the second-largest publicly traded closed-end fund that AIG SunAmerica offers.

In the first public offering, $9.65 million shares were issued at $20 a share, raising a total of $222 billion. Merrill Lynch is the lead manager for the fund, which began trading Dec. 23 on the New York Stock Exchange.

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