American Century is launching a new global stock fund, the Twentieth Century Global Growth Fund.

To seed the fund, the company is offering shares through a monthlong subscription period that began Nov. 2. After Dec. 1 the fund will be sold in the regular manner.

The fund will invest in equities of any size company around the globe, but will concentrate on stocks from developed markets.

Management of the fund will be led by Henrik Strabo, who is responsible for American Century's international equity funds.

The initial net value of the shares is $5, the price at which investors can buy shares during the subscription period. The minimum investment during the subscription period is $2,500.

Money designated for the Global Growth Fund will initially be invested in the American Century-Benham Prime Money Market Fund, and will roll over into the new fund Dec. 1.

American Century offers nearly 70 mutual funds, managing about $70 billion of assets.

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