Give credit when credit is due—it was a very good night for American Funds and their retirement-focused offerings.
The Capital Group-owned fund family, one of the world’s largest investment management firms, won a total of 24 Lipper Fund Awards for three of its equity funds; New Perspective Fund, EuroPacific Growth Fund, SMALLCAP World Fund.
It also took home the most target date funds awards of any fund family, securing wins for multiple periods in every eligible target date category for its American Funds Target Date Retirement Series.
“We are so pleased to be recognized by Lipper for the outstanding results our funds have delivered,” Matt O’Connor, president of American Funds Distributors, said in a statement. “Our strong lineup of time-tested American Funds, including the three equity funds honored today, provide the building blocks for our target date series. We designed our glide path to meet the dual goals of building and preserving wealth for investors.”
The American Funds Target Date Retirement Series’ glide path “is constructed in a unique way to maintain meaningful exposure to income-oriented equities that have a history of lower volatility,” according to the company.
“It’s not just how much equity we hold in our target date series—it’s what kind,” said O’Connor.
“We congratulate American Funds for capturing awards in every target date fund category,” said Robert Jenkins, Global Head of Research at Thomson Reuters Lipper, added. “Their New Perspective Fund, EuroPacific Growth Fund, SMALLCAP World Fund, and American Funds Target Date Retirement Series demonstrate the superior risk-adjusted returns we honor.”
Capital Group manages “more than $1.4 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
