A new mutual fund is on the way from American Funds
. The California-based firm has filed papers with the SEC to launch the American Funds Global Balanced Fund
Dow Jones' Sam Mamudi notes
that this would be the third mutual fund of the past decade for American Funds.
The last time the firm came out with a new mutual fund product was in October 2008, when American Funds International Growth and Income Fund
came into existence.
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