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Federal National Mortgage Association Message Board

  • wynkwyn wynkwyn Apr 10, 2013 9:08 AM Flag

    Why American Funds owned about 12.5 million Fannie Mae shares?

    "American Funds’ $78 billion Capital Income Builder fund, which owned about 12.5 million Fannie Mae shares as of Jan. 31." Why is a mutual fund that says it specializes in buying income-producing securities and 'companies with proven records of increasing dividends' owning these stocks"
    The NYT author raised the question, but, unfortunately, he wasn't able to answer. Are American Funds staff also "fools"?

 
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