American Express Financial Corp. said today that it has filed for three new fund offerings with the Securities and Exchange Commission.
The products, expected to be launched in the first quarter of next year, include two domestic equity funds and a fixed-income fund. The AXP Mid Cap Value Fund will invest primarily in stocks with mid caps in the range of the Russell Mid Cap Value Index, according to a company statement. The AXP Large Cap Equity Fund will invest in firms with market caps of more than $5 billion, will be managed with a bias toward value and seek long-term capital growth, the statement said. Finally, the AXP U.S. Government Mortgage Fund will invest in mostly mortgage-backed securities.