Initiative aligns retail mutual fund family more closely with AIG
NEW YORK–(BUSINESS WIRE)– American International Group, Inc. (NYSE:AIG) today announced the rebranding of its retail mutual fund family to AIG Funds from SunAmerica Mutual Funds, effective February 28, 2017.
By rebranding its retail mutual fund family, AIG is able to provide financial professionals and consumers diversified investment and income products under a single brand.
“We are committed to creating a leaner, more profitable and focused insurer,” said Kevin Hogan, Executive Vice President and Chief Executive Officer of AIG’s Consumer Insurance. “By aligning the SunAmerica brand more closely with AIG, we are able to leverage the strength and scale to build greater awareness and visibility among our core audience of financial professionals and consumers.”
The name and logo under which the retail mutual funds are marketed is being transitioned to the AIG brand. Each fund series, or registrant, will retain “SunAmerica” in its name. There will be no change to the retail mutual funds’ adviser (SunAmerica Asset Management, LLC) or to the funds’ investment goals or strategies, portfolio managers, ticker symbols or CUSIPs in connection with the transition. In addition to the product rebranding, a new website will be available on February 28, 2017 at www.aig.com/funds.
Effective February 28, 2017, the funds will be named:
SunAmerica Series, Inc.
- AIG Focused Dividend Strategy Fund
- AIG Active Allocation Fund
- AIG Multi-Asset Allocation Fund
- AIG Select Dividend Growth Fund
- AIG Strategic Value Fund
SunAmerica Equity Funds
- AIG International Dividend Strategy Fund
- AIG Japan Fund
SunAmerica Income Funds
- AIG Flexible Credit Fund
- AIG Strategic Bond Fund
- AIG U.S. Government Securities Fund
SunAmerica Money Market Funds, Inc.
- AIG Government Money Market Fund
SunAmerica Senior Floating Rate Fund, Inc.
- AIG Senior Floating Rate Fund
SunAmerica Specialty Series
- AIG Commodity Strategy Fund
- AIG Global Trends Fund
- AIG Focused Multi-Cap Growth Fund
- AIG Focused Alpha Large-Cap Fund
- AIG Income Explorer Fund
- AIG Small-Cap Fund
During this process, the SunAmerica Focused Alpha Growth Fund will be renamed the AIG Focused Multi-Cap Growth Fund. The 2020 High Watermark Fund will not change its name.
Funds are distributed by AIG Capital Services, Inc. (ACS), a FINRA Member.
More information can be found at www.safunds.com.
Mutual funds are subject to risk including market risk as well as additional risks, which vary depending on the type of fund. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be higher or lower than the original cost.
Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses before investing. The prospectus, containing this and other important information, can be obtained from your financial adviser, or by calling the Sales Desk at 800-858-8850, ext. 6003. Read the prospectus carefully before investing.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products and other financial services to customers in more than 100 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
American International Group, Inc.
Matthew Gallagher, 212-458-3247
Jessica McGinn, 212-458-4215
Liz Werner, 212-770-7074
Source: American International Group, Inc.