American Express Financial Corp.ration today announced it will launch two new mutual funds sub-advised by American Century, Sanford Bernstein and Alliance Capital Management.

Pending approval, the funds are expected to be available by the third quarter and will invest in international companies, according to a company statement.

The new funds include the AXP Partners International Aggressive Growth Fund, which will be subadvised by American Century Investment Management and Liberty Wanger Asset Management, and the AXP Partners International Select Value Fund, which will be subadvised by Bernstein Investment Research and Management which is a unit of Alliance Capital Management.

Both funds are expected to have median market cap in the $4 billion to $8 billion range.

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