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American Funds New Economy 529F CNGFX

Analyst rating as of
NAV / 1-Day Return
43.52  /  0.57 %
Total Assets
25.2 Bil
Adj. Expense Ratio
0.830%
Expense Ratio
0.830%
Fee Level
Below Average
Longest Manager Tenure
31.49 years
Category
Global Large-Stock Growth
Investment Style
Large Growth
Min. Initial Investment
250
Status
Open
TTM Yield
0.00%
Turnover
28%

Morningstar’s Analysis

Will CNGFX outperform in future?

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

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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