Use American to hedge against foreign markets instabilities. The fund experiences stable pattern. Watch out for signals
1 Month Beta ..........
0.02
As returns on market increase, American returns are expected to increase less than the market. However during bear market, the loss on holding American will be expected to be smaller as well.
The median price of American for the period between Tue, Apr 24, 2012 and Thu, May 24, 2012 is 6.05 with a coefficient of variation of 0.97. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 6.03, and mean deviation of 0.05. The Fund did not receive any noticable media coverage during the period.
American Century HighYield Inv [ABHIX] is traded in USA and was established in September 29, 1997. The fund is listed under High Yield Bond category and is part of American Century Investments family. This fund presently has accumulated 564 M in assets under management (AUM) with minimum initial investment of 2.5 K. American Century HighYield Inv is currently producing year-to-date (YTD) return of 6.21% with the current yeild of 6.77%, while the total return for the last 3 years was 16.65%.
Fund Instrument Allocation for American
The fund consists of 93.18% investments in fixed income securities, with the rest of funds allocated in stocks, cash and various exotic instruments.
American Century HighYield Inv is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of High Yield Bond category is currently estimated at about 186.76 Billion. American adds roughly 564 Million in net asset claiming only tiny portion of all funds under High Yield Bond category.
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