American Funds: Closet Indexer & Great Marketer

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American Funds is a mutual fund that is widely recommended by most brokers and firms due to their past performance of being at least ‘decent’ with their returns (when you figure in all costs).  The problem is that now American Funds holds over 880 Billion in assets and its size is making it increasingly unable to perform.  Let alone that it’s a mutual fund and they won’t beat indexes over time with all costs figured in.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091101/REG/311019962&ht=american%20funds