American Funds Breaks a Bad Streak
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Wednesday, February 13, 2013

American Funds Breaks a Bad Streak

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.

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