MutualFundWire.com: American Funds, Fidelity Surge in April
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Wednesday, May 31, 2006

American Funds, Fidelity Surge in April


American Funds and Fidelity each have reason to hail the most recent monthly sales stats from Financial Research Corp. According to the Boston-based fund tracker, American Funds surpassed Vanguard in April to become the top manager of stock- and bond-fund assets with $864.3 billion, writes Dow Jones.

Meanwhile, driven by a rush on four closing funds, Fidelityís sales hit $5.8 billion for the month, marking the biggest single month for the firm in a decade. Bloomberg reports on that piece of FRC info.


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