American Funds' Growth Fund of America
has achieved what no other fund has accomplished before: cross the $200-billion mark. The
Wall Street Journal's Diya Gullapalli
wrote over the weekend about this feat and the challenges faced by American Funds in dealing with the growth. Officials at American Funds say the fund will avoid the problems that confronted another jumbo fund, Fidelity's Magellan
, which had $110 billion in 2000, because the fund is constructed differently.
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