Founded in 1931 in Los Angeles by Jonathan Bell Lovelace, American Funds is a division of Capital Group, a privately held company that manages equity and fixed-income assets for individual and ...

For example, the 2070 fund’s top holding is American Funds New Perspectives, and it invests in more adventurous fixed-income, like American Funds Emerging Markets Bond, a 1% allocation for the ...

Fixed-income manager Damien McCann will take his place. Berro is a longtime manager of other American Funds strategies, like American Funds Washington Mutual and American Balanced, where he will ...

Any investors hoping to find an Allocation Balanced fund could think about starting with American Funds Balanced F1 (BALFX). BALFX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on ...

An executive order targeting the Smithsonian Institution is prompting questions over the organization’s past and who runs and ...