American Beacon SSI Alternative Income Fund Investor Class (PSCAX)
American Beacon SSI Alternative Income Fund Investor Class operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $10.20, up 0.00% on the session, giving a market capitalisation of $390.8M. Its beta of 0.11 implies it has historically moved less than the broad market.
The fund primarily employs a convertible arbitrage strategy. This involves acquiring convertible securities, such as convertible preferred stock, and simultaneously establishing short positions, or hedges, in the common equity of the underlying issuers. To further mitigate unwanted market exposures, the fund may also utilize other hedging instruments like exchange-traded funds (ETFs), options, and currency forwards. A significant portion of its assets could potentially be allocated to the Financial sector.
American Beacon SSI Alternative Income Fund Investor Class is most often compared with the following Financial Services names: