Seeking Alpha

American Funds getting into ETFs?

  • "American Funds is now filing to enter the 21st century," writes ETF.com's Dave Nadig, who spotted a regulatory filing from the American Funds parent, Capital Research & Management, seeking permission to offer a suite of actively-managed ETFs.
  • American Funds is a mutual fund giant, with $1.1T under traditional active management, and with eight of the 20 largest mutual funds in the U.S.
  • It's been a rough period for the company, with $250B of withdrawals over the 5-year period from 2008 through 2013. The stellar brand, however, remains in place, and with an ugly 2008 rolling off the books, the funds' five-year performance charts are starting to look up.
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