Fund Times: Assets at American Eclipse Vanguard's
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American Funds surpassed Vanguard in total assets under management in April 2006, according to Financial Research Corporation. The firm said American took in $6.7 billion in April to give it a total of $864.3 billion. By comparison, Vanguard took in $2.8 billion for a total of $863.5 billion under management.
FRC reported that American Funds held the top three spots in fund sales, led by American Funds Growth Fund of America (AGTHX), American Funds EuroPacific Growth (AEPGX), and American Funds Capital Income Builder (CAIBX), which had inflows of $1.7 billion, $1.6 billion, and $1.5 billion, respectively. Growth Fund of America is far and away the largest mutual fund with $147 billion in assets.
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.