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.

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