RJ and Makay

>> Read More RJ & Makay Blog Posts

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.