Crane Data Subscribers
In an article yesterday entitled, "Bear market alters mutual fund landscape,"USA Today said, "The largest mutual fund is no longer the American Funds' Growth Fund of America. It's Fidelity Cash Reserves, a $130.7 billion money fund." It adds, "The largest fund company is no longer Fidelity Investments. It's the Vanguard Group. Only one stock fund remains among the five largest mutual funds." The article shows a Lipper table with the five largest mutual funds (assets in billions) -- three of which are money funds -- as: Fidelity Cash Reserves ($130.7), Am Funds Grwth Fund of Amer. ($127.8), Pimco Total Return $126.8, JPMorgan Prime MM $108.5, and Vanguard Prime MM $104.1 $101.2.
