FYI: For the first time in seven years, advisers allocated more money to American Funds than they withdrew for two consecutive quarters, according to Morningstar Inc. data released Monday.
Advisers added $5.9 billion of client money into American Funds over the six months ended Mar. 31. It's the first successful half-year sales effort for the firm since 2008, when investors added $21.3 billion shortly before the financial crisis wiped away billions.
Regards,
Ted
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