American Funds

American Funds

American Funds is a family of 30 mutual funds managed by Capital Research and Management, part of the Capital Group Companies. The company does not advertise and shuns publicity, preferring to rely on brokers' recommendations to their clients. [cite book |first=Charles D. |last=Ellis |title=Capital: The Story of Long-Term Investment Excellence |page=217 |publisher=John Wiley & Sons |date=2004 |isbn=0471567043 |quote="Avoiding...publicity or recognition is deeply entrenched in Capital's culture and is important to the organization." ] With over $1 trillion in assets under management (as of April 2007), American Funds is the 3rd largest behind, Fidelity and The Vanguard Group.

References

External links

* [http://www.americanfunds.com/ American Funds] homepage
* [http://www.capgroup.com/ Capital Group Companies] homepage


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