American Funds' parent Capital Group announced in September 2020 that longtime manager Michael Kerr had stepped off American Funds Growth Fund of America's management team and will retire from the firm at the end of the month. In the same disclosure, the firm announced its intent to publicly name manager Alex Popa in October. Following these changes, the strategy will still have an experienced 13-person management team from three Capital Group subsidiaries. It retains its Morningstar Analyst Rating range of Silver to Bronze.
Will AGTHX outperform in future?
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AGTHX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AGTHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AGTHX’s parent organization’s priorities and whether they’re in line with investors’ interests.