A BBC News story posted online on Oct. 21, 2019 (https://www.bbc.com/news/business-50089887) has dispelled much, though not all, of the mystery surrounding Mark Denning’s departure from Capital Group. The veteran American Funds investor had left parent company Capital Group about six weeks prior on Sept. 9 for what the firm would only describe at the time as a “personnel decision.” As it turns out, conflicts of interest were at the heart of the matter.
American Funds Intl Gr and Inc A IGAAX
NAV / 1-Day Return
33.07
/
0.39
%
Total Assets
16.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.930%
Expense Ratio
0.930%
Fee Level
Low
Longest Manager Tenure
11.86
years
Category
US Fund Foreign Large Blend
Investment Style
Large BlendMin. Initial Investment
250
Status
Open
TTM Yield
1.92%
Turnover
35%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will IGAAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IGAAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IGAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of IGAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Price Pillar
The Price Pillar compares IGAAX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
Performance Pillar
The Performance Pillar is our evaluation of whether IGAAX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.
A Reaffirmation of Capital Group’s Positive Parent Rating
