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American Century Renames Inflation Bond Fund

American Century Investments has renamed its Inflation Protection Bond (APOIX) fund to Short Duration Inflation Protection Bond fund to better reflect the fund’s strategy.

The name change also was implemented to better differentiate the shorter duration strategy from American Century’s flagship inflation-protection bond product, Inflation-Adjusted Bond (ACITX), which launched in 1997, according to the firm.

“Short Duration Inflation Protection Bond’s shorter duration focus is intended to help mitigate interest rate risk relative to longer duration strategies,” said Bob Gahagan, senior vice president and senior portfolio manager, in a statement.