American Funds: Difference between revisions
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The '''American Funds''' is a family of 30 mutual funds managed by [[Capital Research and Management]], part of the [[Capital Group Companies]]. The American Funds are well respected in the industry for its consistently superior performance, its highly capable research team, and its expertise in global investing. The Funds does not advertise and in fact shuns publicity, preferring to let its investment results do the talking. Investors have noticed, as the American Funds experienced staggering growth in the last few years, fueled by its impressive performance during the recent 2000-2001 bear market. With over $850 billion in assets under management, the American Funds has overtaken both Fidelity and Vanguard to become the largest family of mutual funds in the US. In addition to consistent results, the American Funds is known for great customer service and high integrity. It is one of few major Fund families to escape unscathed from the recent SEC crackdown on the mutual fund industry. |
The '''American Funds''' is a family of 30 mutual funds managed by [[Capital Research and Management]], part of the [[Capital Group Companies]]. The American Funds are well respected in the industry for its consistently superior performance, its highly capable research team, and its expertise in global investing. The Funds does not advertise and in fact shuns publicity, preferring to let its investment results do the talking. Investors have noticed, as the American Funds experienced staggering growth in the last few years, fueled by its impressive performance during the recent 2000-2001 bear market. With over $850 billion in assets under management, the American Funds has overtaken both Fidelity and Vanguard to become the largest family of mutual funds in the US. In addition to consistent results, the American Funds is known for great customer service and high integrity. It is one of few major Fund families to escape unscathed from the recent SEC crackdown on the mutual fund industry. |
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Revision as of 01:02, 8 January 2007
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The American Funds is a family of 30 mutual funds managed by Capital Research and Management, part of the Capital Group Companies. The American Funds are well respected in the industry for its consistently superior performance, its highly capable research team, and its expertise in global investing. The Funds does not advertise and in fact shuns publicity, preferring to let its investment results do the talking. Investors have noticed, as the American Funds experienced staggering growth in the last few years, fueled by its impressive performance during the recent 2000-2001 bear market. With over $850 billion in assets under management, the American Funds has overtaken both Fidelity and Vanguard to become the largest family of mutual funds in the US. In addition to consistent results, the American Funds is known for great customer service and high integrity. It is one of few major Fund families to escape unscathed from the recent SEC crackdown on the mutual fund industry.
Five main characteristics distinguish the American Funds:
1) A long-term, value-oriented approach - The American Funds adhere to a buy-and-hold strategy. Portfolio turnover at its funds is well below average, minimizing trading costs
2) A extensive global research effort - widely considered the most capable international investor, Capital Research and Management, the manager of the American Funds, has analysts based throughout the world who operate one of the industry's largest global research efforts
3) A unique method of portfolio management - American Funds uses a multiple portfolio counselor system, blending teamwork with individual accountability
4) Experienced investment professionals - Portfolio counselors at the American Funds have an average of 23 years experience in the investment industry, with an average of 20 years at the American Funds or affiliates
5) A commitment to low operating expenses - Average annual operating expenses at the American Funds are well below industry average. Because of American Fund's huge asset base and tiny number of funds, economies of scale are passed on to shareholders
References
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