American Express Financial Corp. yesterday announced it will launch two new mutual funds sub-advised by American Century, Liberty Wanger Asset Management and Sanford Bernstein.

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

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

American Express Funds is a family of 51 retail mutual funds with approximately $83 billion in assets under management as of the end of March.

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