Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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.

More on funds
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
BRIC investing is officially dead at Goldman Sachs
Harvard endowment warns market is 'frothy'
Once all powerful, Pimco is a fast fading superstar
How young millionaires invest their money
15 top-paid CEOs
Lufthansa to halt flights to Venezuela

graphic graphic