American Century’s new fund aims to diversify fixed-income portfolios

American Century Investments launched the AC Alternatives Emerging Opportunities Total Return Fund, which is designed to diversify fixed income portfolios. The new fund will focus on investments in securities that are economically tied to emerging market countries. The fund’s investment process seeks to help investors navigate the emerging markets debt (EMD) universe while actively managing downside risk. “We believe emerging markets may account for roughly two-thirds of global growth over the…