Sales of
“Those [sales] data points are as cyclical as market results,” rationalizes Drew Taylor, vice president and manager of the analytical services group at American Funds’ investment advisor, Capital Research. “Our five-year relative figures will come right back in line with everyone else.”
While Taylor didn’t point out the five-year performance of his firm’s funds, it is now in line with competitors
But Taylor did concede that American Funds doesn’t tend to do well in bull markets, and the market has been strong in recent years.
However, not all analysts, consultants or financial advisers believe this might be the case.
“I’ve been to the adviser conferences,” Roseen said, “and American Funds is on the tip of everyone’s tongue.”