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.
