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Rating:GM Move May Cause Mutual Funds to Hit the Brakes Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 16, 2008

GM Move May Cause Mutual Funds to Hit the Brakes

by: Armie Margaret Lee

Income funds such as Capital Group's Capital World Growth and Income Fund, may now be contemplating scaling down or selling their holdings in General Motors following the auto maker's Tuesday announcement that it will suspend dividends on its common stock, Reuters reports. Other funds with GM holdings that were mentioned in the article include the Capital Income Builder Fund and RiverSource Diversified Equity Income Fund

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