American Funds and
Fidelity each have reason to hail the most recent monthly sales stats from
Financial Research Corp. According to the Boston-based fund tracker, American Funds surpassed
Vanguard in April to become the top manager of stock- and bond-fund assets with $864.3 billion, writes
Dow Jones.
Meanwhile, driven by a rush on four closing funds,
Fidelity’s sales hit $5.8 billion for the month, marking the biggest single month for the firm in a decade.
Bloomberg reports on that piece of FRC info.
 
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