What was Twentieth Century Mutual Funds?


Quick Answer

Twentieth Century Mutual Funds, now known as American Century Investments, was a money management firm that James E. Stowers Jr. founded in 1958, states the company. Twentieth Century began with two mutual funds and $100,000 from 24 investors. As of 2015, American Century Investments manages assets worth approximately $141 billion.

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Full Answer

American Century Investments caters to individual and institutional investors, and financial intermediaries worldwide. The company still utilizes the Stowers System, a computer program Jim Stowers developed, which identifies, analyzes and selects stocks having the most significant qualities for growth, notes American Century Investments. Headquartered in Kansas City, Missouri, the privately owned company has offices in New York, California and England.

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