American Funds
American Funds continues slidePosted by RJ and Makay on Jan 23, 2012 |
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Mutual fund company American Funds had outflows of $82 billion in 2011, or 9% of total assets, according to Morningstar. Once a favorite of financial advisors, the fund group has had lagging performance for the past several years, and recent outflows represent an industry record, far more than the $28 billion of 2011 outflows at Fidelity investments. Industry stalwart Vanguard, meanwhile, had inflows of $44 billion in 2011.
out and advisors voted for who they ranked as outstanding mutual fund managers and fund management companies. Financial Advisors seem to be in agreement with their high regard of 
