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American Funds New Economy 529C CNGCX

Analyst rating as of
NAV / 1-Day Return
47.47  /  0.81 %
Total Assets
31.3 Bil
Adj. Expense Ratio
1.580%
Expense Ratio
1.580%
Fee Level
Below Average
Longest Manager Tenure
31.06 years
Category
World Large-Stock Growth
Investment Style
Large Growth
Min. Initial Investment
250
Status
Open
TTM Yield
0.00%
Turnover
38%
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Morningstar’s Analysis

Will CNGCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

An Upcoming Manager Addition on American Funds New Economy Does Not Change Our View

Associate Director

Analyst Note

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Firm veteran Lara Pellini will officially join American Funds New Economy's management team in February 2022, bringing the total number of named managers to eight. Her addition doesn't alter the strategy's Morningstar Analyst Ratings, which range of Silver to Bronze across its 19 share classes, but it does illustrate the firm's methodical approach to adding investment talent.

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