American Express Financial Corporation, a unit of American Express Company of New York has filed a registration statement with the Securities and Exchange Commission for three new mutual funds, it announced today.
All three funds will be subadvised by asset managers who are independent of American Express. Davis Selected Advisers will manage the new AXP Partners Fundamental Value Fund. EQSF Advisers and Royce & Associates will co-manage AXP Partners Small Cap Value Fund, and T. Rowe Price Associates and Lord, Abbett & Co. will co-manage the third fund, AXP Partners Value Fund.
The new funds will all carry the AXP Partners name, joining three other subadvised funds in the American Express Funds family, which already carry the AXP Partners moniker. According to the company, the AXP Partners name will be used on American Express subadvised funds going forward.