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.
Will NEFFX 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 NEFFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NEFFX 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 NEFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.