American Express Financial Corp. has launched two new equity funds, which will be available through its network of financial advisors, the company said today.

The company is offering the AXP Partners Select Value Fund, a multi-cap-cap equity product that will be sub-advised by Gabelli Asset Management. The product will invest in the stocks of small-, mid- and large-cap companies.

American Express will also offer the AXP Partners Small Cap Core Fund, which will be sub-advised by both Pilgrim Baxter Value Investors and Wellington Management.

The American Express Funds family is made up of 57 retail products with about $80 billion in assets under management.

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