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Transaction includes two mutual funds and one interval fund focused on fixed income and credit strategies American Beacon Advisors, Inc. (“American Beacon”), anTransaction includes two mutual funds and one interval fund focused on fixed income and credit strategies American Beacon Advisors, Inc. (“American Beacon”), an

American Beacon Advisors to Adopt Fund Management Oversight of Three City National Rochdale Funds

Author: Globalfintechseries

Source: Globalfintechseries

2026/05/22 15:42

2 min read

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Transaction includes two mutual funds and one interval fund focused on fixed income and credit strategies

American Beacon Advisors, Inc. (“American Beacon”), an experienced provider of investment advisory services to institutional and retail markets, announced a series of transactions pursuant to which it will assume fund management oversight responsibilities for three City National Rochdale Funds currently advised by RBC Rochdale, LLC. Each transaction is subject to shareholder approval and customary closing conditions and is expected to close between September 2026 and January 2027.

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City National Rochdale Fixed Income Opportunities Fund will reorganize into the American Beacon TwentyFour Strategic Income Fund, a series of American Beacon Funds sub-advised by TwentyFour Asset Management (US) LP.
City National Rochdale Municipal High Income Fund will reorganize into a proposed exchange-traded fund series of American Beacon Select Funds sub-advised by Aberdeen Investments.
City National Rochdale Strategic Credit Fund will be renamed American Beacon CIFC Strategic Credit Fund, with American Beacon assuming the role of investment advisor and CIFC Investment Management LLC continuing as sub-advisor.

Greg Stumm, President and CEO of American Beacon Advisors, said: “We are honored to expand our relationship with RBC Rochdale and to bring these strategies onto the American Beacon platform. Our focus will be on ensuring continuity and stability as we maintain the investment discipline that shareholders have long come to expect while we also look to introduce these strategies to new audiences. As the funds transition to the American Beacon platform, we are confident that the managers who will carry these strategies forward are well-positioned to deliver for shareholders.”

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The post American Beacon Advisors to Adopt Fund Management Oversight of Three City National Rochdale Funds appeared first on GlobalFinTechSeries.

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