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Market Update

American Century Sees Little Impact from Bank Deal

Fund family says merger of its part owner won't affect operations.


American Century Investments is still trying to figure out what the merger of its part owner, J.P. Morgan (JPM), with Chase Manhattan (CMB) means for the Kansas City, Mo., mutual-fund family.

The initial conclusion, however, is the deal will have little if any affect on American Century and its stable of more than 70 funds.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.