FYI: (The Linkster finds this to be rather unusual, I'm guessing but I think someone at Capital Group has an inside track.)
Think politicians have a leg up on the rest of us when it comes to investing? Then you may be interested in this list of the mutual funds that are most popular with members of the U.S. House of Representatives. Bloomberg Government went through their financial disclosure reports to come up with the funds that show up most frequently.
In this view of the asset management landscape, giants Fidelity and Vanguard lag behind American Funds, whose funds make up half the list.
Fund data are courtesy of Morningstar Inc.
Regards,
Ted
1. American Funds Growth Fund of America
2. American Funds EuroPacific Growth Fund
3. Fidelity Contrafund
4. Vanguard 500 Index Fund
5. American Capital Income Builder
6. Oppenheimer Developing Markets Fund
7. American Washington Mutual Investors Fund
8. American Funds Investment Co. of America
9. American Funds Capital World Growth and Income
10.First Eagle Global Fund
11.Fidelity Government Cash Reserves
12.Templeton Global Bond Fund
