Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:American Funds Looks to Its Sister Company for a Boost Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, July 19, 2012

American Funds Looks to Its Sister Company for a Boost

News summary by MFWire's editors

American Funds [profile] is turning to its sister company, Capital Guardian [profile], for help on four funds totaling nearly $175 billion in assets.

Jason Kephart of advisor pub InvestmentNews reports that the portfolio managers from American Funds will begin working with the Capital Guardian research team. This change will take effect Sept. 1, and Robert Lovelace, William Robbins, Dylan Yolles and Noriko Chen are the PMs in question.

Kephart notes that American Funds has been struggling since the financial crisis began in 2008. The fund family has seen more than $220 billion in outflows in that time, and its funds rank on average in their 45th percentile compared with their peers for the past five years.

The PMs who will begin working with different research groups head four funds: the $22 billion, four star American Mutual Fund (AMRMX); the four-star, $94 billion American Funds EuroPacific Growth Fund (AEPGX); the four-star, $41 billion American Funds New Perspective Fund (ANWPX); and the three-star, $19 billion American Funds SmallCap World Fund (SMCWX).

Chuck Freadhoff, American Funds' spokesperson, told InvestmentNews that these changes were made "to help make us the best investment professionals we can be. We're taking advantage of research capabilities we never have before. 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use