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Laxman Pai, Opalesque Asia:

American Beacon Advisors has announced the launch of the American Beacon AHL TargetRisk Fund, a newly organized mutual fund based on the existing Man AHL TargetRisk multi-asset program.

A press note from American Beacon, a provider of investment advisory services to institutional and retail markets, said that the Fund's shares became available on December 31, 2018: Institutional Class (AHTIX), Investor Class (AHTPX) and Y Class (AHTYX).

The American Beacon AHL TargetRisk Fund aims to provide capital growth with a balanced, long-only approach, active risk management, and diversification across a broad range of markets.

According to the release, its proprietary quantitative approach seeks to provide an excess return with a stable level of volatility regardless of market conditions. The Fund allocates its assets across equities, bonds, interest rates, corporate credit, and commodities, investing primarily in derivatives vehicles.

The Fund's sub-advisor is the London-based AHL Partners, a wholly owned subsidiary of Man Group, a global active investment management firm and one of the largest publicly listed global hedge fund providers.

Gene Needles, American Beacon's chairman and chief executive officer, said: "We believe the launch of this strategy as a U.S. '40 Act vehicle is timely. By design, this Fund is adaptive and capable of dynamically maneuvering through various market environments, potentially making it an attractiv......................

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