PIA

Sequoia Fund Reopens After 26 Years: A Look Inside

Archman82011: Capital Research & Management Co (American Funds) has a 75 year demonstrated history of providing their fund investors with consistently superior long-term investment results.

You are correct that most fund managers do not 'outperform' comparable 'passive indexes'. But this is clearly not the case for America's largest and most successful long-term fund manager, American Funds.

By the way, American Funds "advertising budget is zero", expenses are very low, global research and management capabilties are unparalled, and their multiple portfolio coundslor system has been the unique key to providing such outstanding long-term investment returns for their 'active portfolios'. Low turnover is also key with a 3.5 year average holding period.

See americanfunds.com before you 'throw the babies out with the bath water'.