American Skandia Closes AST Goldman Sachs Small-Cap Value Portfolio to New Investors.Business Editors American Skandia Investment Services, Incorporated ("American Skandia") announced the closing of the AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Small-Cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock Value Portfolio to new investors effective at the close of business today. The move is designed to preserve the integrity of the portfolio's investing discipline and its potential performance. "The AST Goldman Sachs Small-Cap Value Portfolio has experienced tremendous growth during the last year. We continue to provide a range of investment options across the spectrum of asset classes, and these investment options are managed by some of the best-known money managers across the globe. Closing the AST Goldman Sachs Small-Cap Value Portfolio promotes a more stable and more manageable asset base for this small-cap value asset class," said Michael Murray Michael Murray may refer to several people:
The AST Goldman Sachs Small-Cap Value Portfolio is offered as an investment option in variable insurance products issued by American Skandia Life Assurance Corporation. The Company will continue to offer two portfolios in the small-cap value asset class: -- AST Gabelli Small-Cap Value: offering well-known expertise picking under-valued stocks with change catalysts in place to trigger increased market valuation. -- AST DeAM Small-Cap Value Portfolio: offering a Managed Alpha(TM)approach to investing. American Skandia also announced name changes to the AST INVESCO Equity Income Portfolio and ASAF ASAF Assistant Secretary of the Air Force ASAF All Sales Are Final ASAF Allied Sportsmen's Associations of Florida, Inc. ASAF Amador Schools Arts Foundation (Amador County, CA) INVESCO Equity Income Fund, effective July 1, 2002. The new names will be the AST INVESCO Capital Income Portfolio and the ASAF INVESCO Capital Income Fund. The investment objective remains unchanged. Variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and variable life insurance are issued by American Skandia Life Assurance Corporation. Variable annuities, variable life insurance and American Skandia Advisor Funds are distributed by American Skandia Marketing, Incorporated. Both companies are located at One Corporate Drive, Shelton, Connecticut Shelton is a city in Fairfield County, Connecticut, United States. History Origins The town was split off from Stratford in 1789, as Huntington (named for Samuel Huntington). 06484. Call 1-800-SKANDIA for a prospectus containing more complete information on charges, expenses and tax consequences. It should be read carefully before you invest or send money. Information about the company and its products can also be found on the company Web site at www.americanskandia.com. |
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