It may have seemed like American Funds
] posting outflows could be pointed to along with death and taxes as certainties in life, but last month the Los Angeles, California-based firm reversed the trend.
American Funds had net inflows of $964 million in January, the first time the shop has brought in money since May 2009, according to InvestmentNews
reporter Jason Kephart.
Investor's regaining confidence in stocks was a big factor, as American Funds has three quarters of its assets in equities, spokesman Chuck Freadhoff told Kephart.
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