The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:It's a New Day For American Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 08, 2013

It's a New Day For American Funds

News summary by MFWire's editors

American Funds [profile] is getting ready for change.

The Los Angeles, California-based mutual fund shop is preparing to launch funds with a narrow focus, according to a Wall Street Journal story. This is a marked change from the shop's tradition of highly diversified portfolios.

"Our assets under management went from roughly $1.6 trillion to $840 billion, and we had that come-to-Jesus moment where we had to make a bunch of decisions about how do we move forward," Kevin Clifford, chief executive officer of the sales arm of American Funds, told reporter Tom Lauricella.

The article, which is part of the special monthly investing in funds Journal Report, also details how major several years of outflows which was finally reversed in January caused the shop to finally change its thinking.

For more details, check out the original article here

Edited by: Ben Geier

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use