Twentieth Century Mutual Funds and Benham Group have picked American Century Investments as the name of the merged company. Effective Jan. 1, the company also will realign its 66 mutual funds into three asset style groups to provide ``better clarity'' for investors, said W. Gordon Snyder, chief marketing officer.
Conservative bond and money market funds will be called the Benham funds and will form one of the style groups. Aggressive growth funds will be grouped under the Twentieth Century name. Moderate funds, including three strategic asset allocation funds introduced last spring, will be grouped under the American Century name.