In the Margins

American Funds starts attracting cash again

October 9, 2017

By The Wall Street Journal

American Funds is once again attracting investor cash, though it is unclear whether this is a turning point for the company or a temporary reprieve. After years of strong inflows, American Funds experienced net outflows of nearly $252.5 billion from 2008 through 2016, according to Morningstar, which reported the funds had net outflows of $4.9 billion last year. This year, through August, American Funds has taken in net $13.5 billion, however. Read the original story from The Wall Street Journal