Although it is the world's top-selling fund manager on the retail side, Capital Group has reportedly suffered institutional outflows of more than $40 billion. American Funds, which is Cap Group's retail mutual fund subsidiary, had net inflows of $80 billion in 2005, making it the best-selling mutual fund group for the fourth straight year.

But Capital Group International, which manages its institutional business, suffered a drop in assets under management from $317 billion in 2004 to $305 billion in 2005; the outflows were lessened by a 20% increase in the value of its holdings.

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