American Funds' parent Capital Group announced that on Oct. 1, 2020, longtime manager Wahid Butt will transition off American Funds New World's management team. Following his departure, the strategy will have an experienced 10-person management crew from four different Capital Group subsidiaries. The Morningstar Analyst Ratings across its 17 shares classes remain Gold or Silver.
Will NWFFX 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 NWFFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NWFFX 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 NWFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.