CNN/Money 
Mutual Funds
graphic

America's hottest fund company
Focus long term. Avoid fads. Keep expenses low. It's not exciting, but it works for American Funds.
April 13, 2004: 1:56 PM EDT
By Adrienne Carter, MONEY Magazine

NEW YORK (MONEY Magazine) - The folks at American Funds would be horrified to be called a hot fund company. The 73-year-old money-management firm has never sought out the attention of institutions, individual investors or the media; it avoids publicity like Atkins dieters avoid carbs.

More on funds
graphic
Ultimate Mutual Fund Guide 2004
The MONEY 100
Your fund vs. Wall Street

But like it or not, the Los Angeles-based investment company has found itself in the glare of the spotlight.

Since the beginning of 2002, the unassuming giant has taken in $125 billion -- more than one-quarter of the money shareholders have dumped into mutual funds. Now the challenge for American will be managing that success. Could American buckle under its hefty weight?

Continued...  Top of page




  More on FUNDS
Millennials may not be able to afford retirement essentials
Pensions ask retirees to pay back tens of thousands
Many middle-class Americans plan to work until they die
  TODAY'S TOP STORIES
HK leader: Poor would dominate a free vote
China posts worst growth in five years
Why liberals and conservatives can't agree




graphic graphic

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.