On March 1, 2021, Robert Neithart, a fixed-income manager for American Funds Global Balanced since 2011, will depart to focus on the firm's emerging-markets debt strategies. While his departure represents a loss, the fund's two remaining fixed-income managers, who will split Neithart's assets, are experienced investors, and the fund's topnotch managers running equity and balanced portfolios continue to drive its Above Average People rating.
Will GBLAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GBLAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the GBLAX 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 GBLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.