MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
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 |