American Century Launches Livestrong Funds

American Century this week unveiled four lifecycle and one income fund as part of its partnership with Lance Armstrong and his Lance Armstrong Foundation, an educational and advocacy organization for people with cancer.

But if investors expected funds much different from American Century's existing lifecycle funds, what it calls My Retirement Portfolios, the only difference they will find is that the Livestrong portfolios will not invest in tobacco companies. And they will make annual contributions to the foundation, based upon performance and assets in the funds.

American Century launched its collaboration with Armstrong in February.

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Money Management Executive
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