(by Peter Van Bruggen)

State 529 plans’ college saving plan assets have risen to $43 billion in June as compared with $40 billion in March, Financial Research Corp. says.

Whitney Dow, director of education savings research at FRC, noted that despite of the quarter being slow “the market is growing.” Really, net sales for the second quarter went down to $2.9 billion from $4.1 billion in the first quarter.

During the second quarter, American Funds has the biggest amount of assets of $7.1 million in 529 plans up from $6.4 million in the first quarter. The second comes Alliance Capital with its $4.7 million against $4.5 million in the first quarter; and the third one is Vanguard Group having $4.1 million in assets as compared with its $3.8 million in the first quarter.