The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Monday, April 26, 2004|
American Funds Leads Inflows...Again
American Funds' Growth Fund of America gained $1.9 billion in net inflow in March, compared to $1.8 billion in February, according to data released Monday by the Financial Research Corp.
American Balanced, The Income Fund of America, Capital World Growth & Income and Capital Income Builder led the list of the best selling funds, with net inflows totaling $4.2 billion for March. The fund group performed best overall, with $9.1 billion in net inflows for March 2004.
Following in second place for overall fund group was Vanguard, with $7.5 billion in net inflows. Fidelity gained $3.1 billion, Barclays took in $3.0 billion, and PIMCO added $2.4 billion.
American and Fidelity's net inflows were 51 percent of total fund inflows in March, unchanged from February.
Total inflows were $32.7 billion for March, down less than 1 percent from $33.0 billion in February.
Year to date, nine firms have captured over 90 percent of total inflows - American, Vanguard, Fidelity, Dodge & Cox, Barclays Global Investors, PIMCO, T. Rowe Price, Franklin, and Fidelity.
All results include only long-term equity and fixed-income funds. The data is gathered from Morningstar and from reports that the funds send to FRC.
Printed from: MFWire.com/story.asp?s=7086
Copyright 2004, InvestmentWires, Inc.
All Rights Reserved