American Funds continued its high-paced belting of the competition by placing five of its funds in Financial Research Corp.’s top 10 list for July, a month that saw the mutual fund industry as a whole rake in inflows of $12 billion.

Buoyed by its lack of involvement in the ongoing scandal, American has had quite a 2004, and July was no exception. The company vacuumed $6 billion into its funds during the month, more than any other firm. For the year, the company has inflows of $55.9 billion, an average of slightly less than $8 billion a month.

For the industry, domestic equity funds racked up $8 billion in inflows while international equity funds took in $4 billion. In the individual contest, American once again took top honors, with the Growth Fund of America taking in $1.5 billion.

Barclay’s was the only other company to have more than one fund in the month’s top 10, with its iShares S&P 500 Index and iShares MSCI EAFE Index funds finishing third, and seventh, respectively. Barclay’s success can be attributed to the recent rise in popularity of exchange-traded funds.

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