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Monday, December 8, 2008

Waggoner Looks at How the Bear Market Shook Up the Fund World

by: Armie Margaret Lee

USA Today's John Waggoner takes a look at how the bear market has impacted the mutual fund arena. He notes that American Funds' $127.8 billion Growth Fund of America relinquished the title of largest mutual fund to the $130.7 billion Fidelity Cash Reserves, and that Vanguard Group is now the largest fund company, unseating Fidelity. Waggoner also notes that only one stock fund -- Growth Fund of America -- remains in the list of the five largest mutual funds. 

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