Fundsters interested in the fate of Capital Group
may want to take a look at a Saturday article in the LA Times
. Tom Petruno profiles
Cap Group's American Funds
and highlights their recent outflow pain in light of the 2008-2009 market turmoil.
In particular, Petruno highlights the mutual fund titan's long-term stock-picking focus and its slow product-launching pace. (According to Petruno, American Funds has only 30 portfolios, not including its target date funds, including only two new launches in the past three years.)
Neil Anderson, Managing Editor
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