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American Funds New Economy C ANFCX

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Morningstar’s Analysis

Will ANFCX outperform in future?

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An Upcoming Leadership Transition on American Funds New Economy Does Not Change Our View

Associate Director

Analyst Note

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On June 1, 2022, industry veteran Matthews Cherian, one of American Funds New Economy’s comanagers, will take over as the strategy’s lead principal investment officer in charge of allocating capital across the managers’ independently run sleeves. Tim Armour, who has served in this role for several years, will remain on the fund as a comanager. This change doesn’t alter the strategy’s Morningstar Analyst Ratings.

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