The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
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.
For more information, check out the original article.
Printed from: MFWire.com/story.asp?s=42981
Copyright 2013, InvestmentWires, Inc.
All Rights Reserved