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Can diversification stop American Funds’ bleeding?
American Funds, long-known as an equity player, is trying to reposition itself as a more diversified asset manager with a string of funds set to launch in the next few months
American Funds biggest loser in 2010 outflows
Offerings from American Funds, Fidelity Investments and The Vanguard Group Inc. had the biggest net outflows last year, according to Morningstar Inc.
Can American Funds’ diversification help stop the bleeding?
Fund giant launching new offerings in bid to to diversify, reposition firm; 'caught short-suited'
American Century’s MacEwen is betting on fixed income
To David MacEwen, the talk about the bond bubble is a lot of baloney
High anxiety
While federal agencies conduct scores of studies and write hundreds of regulations implementing the sweeping Dodd-Frank financial-reform law, investment advisers wait with trepidation
Rare sighting: American Funds tees up new fund
American Funds, which is a unit of The Capital Group Cos. Inc., has come out with only two mutual funds in the past decade. The new offering, called the American Funds Global Balanced Fund, is set to make its debut Feb. 1.
12(b)-1 cap could zap Fidelity, other retirement fund providers
American Funds, Fidelity Investments and Lord Abbett & Co. LLC are among a number of fund companies that will have to rethink how they serve the retirement marketplace through advisers if a proposed revamp of 12(b)-1 passes.
American Funds losing luster in eyes of reps
Financial advisers' loyalty to American Funds appears to be waning, as the firm saw the largest outflows of any fund company for the first half of this year.
American Funds plans to open mortgage, municipal bond funds
Capital Group Cos., the largest U.S. manager of stock mutual funds, asked regulators for permission to open its first new fixed-income products in four years.
Advisers abandoning American Funds
American Funds had for years been a darling of the adviser community, but after the market tanked in 2008, the funds' equity bent hurt performance.
States prepare for more oversight duties
Faced with the prospect of gaining jurisdiction over 4,200 registered investment advisory firms, state regulators are scrambling to make sure they have the resources to handle a handoff.
Insurers cheer approval of life settlement bill
Trade associations representing the life insurance industry and agents last week applauded New York's passage of life settlement legislation.
Advisers wary of insurance industry’s mortgage-backed-securities proposal
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
American Funds sets vote on anti-genocide resolution
For the first time, American Funds shareholders this fall will be voting on whether to ask the boards of directors of 16 funds to institute a divestment policy against companies that do business in countries that practice genocide or tolerate crimes against humanity.
American Funds shareholders to vote on anti-genocide resolution
For the first time, American Funds shareholders will be voting this fall on whether to ask the boards of directors of 16 funds to institute a divestment policy against companies that do business in countries where genocide and crimes against humanity have occurred.
Trial begins in case regarding 12(b)-1 fees charged by American Funds
A trial involving investors who claim they paid excessive compensation fees for American Funds mutual funds began yesterday in the U.S. District Court of the Central District of California in Los Angeles.
State powers preserved under Obama plan
State regulators have an ally in the Obama administration.
American Funds has best brand attributes, financial intermediaries say
American Funds topped the list of firms with the most positive brand attributes in a recent survey of financial intermediaries conducted by kasina LLC, an asset management consulting firm, and Horsesmouth LLC, an advisory consultant firm. Both firms are based in New York.
The Capital Group Companies to cut 820 jobs
The reductions are being made across all companies and departments among the firm’s 9,000 employees, said Chuck Freadhoff, spokesman for American Funds.
States pushing for authority over Reg D offerings
State securities regulators are asking Congress for expanded powers to review offerings of private securities.
