AMERICAN CENTURY COMPANIES INC

AMERICAN CENTURY COMPANIES INC

AMERICAN CENTURY COMPANIES INC
Last update 2019-11-13 1181 Stocks (137 new)
Value $99.23 Bil Turnover 9 %
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AMERICAN CENTURY COMPANIES INC Profile

American Century Companies is a large investment management firm that operates through its subsidiaries to provide a variety of services including investment advisory, management, and administrative services for American Century mutual funds, although it also provides investors access to mutual funds from other firms. The company was founded in 1958 under the name Twentieth Century Mutual Funds by James E. Stowers, Jr., who is now 90 and still on a presence on the board of directors. The company is private controlled and is an independent firm, maintaining that this allows the company to “stay true to the long-term objectives of our investment strategies, offer reliable diversification and align with the best interests of our clients.” The company now has over 1300 employees with offices located in New York, London, Hong Kong, Mountain View, and Kansas City, the company’s corporate headquarters, giving the company a global outreach. American Century Companies now also offers a variety of products for managing investments that include institutional separate accounts, commingled trusts, and sub advisory accounts. Additionally, the company also offers college saving plans, money market accounts, CDs, and stocks and bonds for individual investors. In line with the founder’s vision of having a “for-profit company fund lifesaving research,” American Century Companies has a series of funds that support the healthcare sector, specifically supporting research on cancer treatments, with more than 40% of American Century’s profits going to support research on genetically based diseases. As of 2015, the company has a portfolio value of almost $90 billion with Apple Inc, Exxon Mobile, and Visa making up the majority of American Century Companies’s total United States long term portfolio. The company is current focusing on the consumer discretionary, information technology, and finance sectors. Some of the company’s notable mutual funds include its American Century Global Gold, Century Equity Inxome, One Choice Very Aggressive, and Century International Opportunity funds.

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