American Funds' [see profile]
offerings are bleeding red but redemptions are not unique to the fund shop, InvestmentNews reports
Three funds from American Funds' lineup made the top five in most outflows for the first half of the year, according to data from Morningstar Inc.
. Specifically, the $156.8 billion Growth Fund of America
has experienced $12.47 billion in net outflows during the first half of the year, compared with $12 billion for all of 2010, followed by the $33.2 billion American Funds Bond Fund of America
( $4.267 billion in outflows) and the $81.8 billion American Funds Capital World Growth & Income Fund
($3.73 billion in outflows).
Fidelity Investments[see profile]
and Pimco[see profile]
also reportedly had one fund each among the top five in outflows. Fidelity's $32 billion Diversified International Fund
was third, with $4.24 billion in outflows, and Pimco's $242.8 billion Total Return Fund
came in fourth, with $3.74 billion in outflows.
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