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American Funds: 5 Mutual Funds to Buy

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American Funds might not be the foremost name in mutual funds, but at $1 trillion under management for institutions and individuals, it has built enough of a name that investors should pay it some attention.

american-fund-mutual-fundsGranted, it hasn’t been an easy time in recent years as American Funds has seen cumulative outflows of $242 billion since 2007.

Still, known for active rather than passive management, American Funds historically has provided investors with above-average long-term performance in its mutual funds. As a result, a total of 10 funds made Morningstar’s 2013 “Fantastic 51” list, a group of 51 actively managed mutual funds chosen using several criteria including performance.

While the 10 on this list are a good place to start, I’ve considered all 34 mutual funds managed by American Funds. Out of that group, here are five American Funds selections worth owning:

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