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Mutual Funds

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.

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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

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