American Funds seems to be on a fee-cutting spree. Capital Research & Management Co., which runs American Funds, has reduced the fees it charges investors for managing each of its stock and bond mutual funds, or advisory fees, by 10%.

Last August, the firm cut advisory fees by 5%, and last week the firm presented a plan to its fund board to slash fees by another 5%. Investors stand to gain savings of at least $200 million from the combined fee reductions.

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