American Century Investments adds New York muni fund to roster
In a response to growing demand from New York clients, American Century Investments today added a new municipal bond fund to its lineup with the launch of the American Century New York Tax Free Fund (ANYIX).
In a response to growing demand from New York clients, American Century Investments today added a new municipal bond fund to its lineup with the launch of the American Century New York Tax Free Fund (ANYIX).
The fund will invest at least 80% of its assets in debt securities issued by municipalities in New York that have interest payments exempt from federal and state income taxes, the firm said in a statement.
The fund is priced at $10 per share with a minimum initial investment of $5,000.
The Kansas City, Mo.-based fund firm now has seven distinct municipal bond strategies with an aggregate $3 billion in assets.
American Century had $74 billion in total assets under management as of June 29.
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