Sales of American Funds have outpaced competitors for the past five years. In each of the years 2005 and 2006, the fund shop took in more than $73 billion. But that’s likely to stop in 2007, the firm predicts, Investment News reports.
“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.”