It may have seemed like American Funds [profile] posting outflows could be pointed to along with death and taxes as certainties in life, but last month the Los Angeles, California-based firm reversed the trend.

American Funds had net inflows of $964 million in January, the first time the shop has brought in money since May 2009, according to InvestmentNews reporter Jason Kephart.

Investor's regaining confidence in stocks was a big factor, as American Funds has three quarters of its assets in equities, spokesman Chuck Freadhoff told Kephart.

For more information, check out the original article. 

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE