' Amanda Kish today picks up on the fact
that American Funds'
flagship American Funds Growth Fund America
has suffered huge outflows last
year, making the fund see its biggest asset lost since the end of
Specifically, the flagship fund reportedly lost 33$ billion of outflows, which formed part of the $81 billion total outflows that the whole firm experienced.
Kish also reports that Janus
funds, another big name in the money market, has suffered as investors "have yanked assets from their Janus funds, contributing to a 46 percent decline in fourth-quarter profits for the firm."
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