Philanthropy and mutual fund investing don't exactly seem to go hand in hand. But back in May, American Century Investments announced a partnership with the Lance Armstrong Foundation (well known for its now ubiquitous yellow bracelets), renaming the My Retirement Portfolios—a series of asset allocation funds—the LIVESTRONG Portfolios. In teaming up with the cancer research organization, American Century agreed to a minimum, multi-year donation that could increase if the funds do particularly well.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.