On Oct. 1, 2020, Capital Group announced that effective Nov. 1, 2020, Ritchie Tuazon will no longer be a portfolio manager on American Funds Short-Term Bond Fund of America ASBAX. Tuazon has managed a sleeve of this strategy since November 2013, primarily focusing on rates and yield-curve positioning. Comanagers John Queen and Vincent Gonzales will remain in place on the strategy. Queen, a Capital Group veteran, joined this strategy as a comanager in 2011 and became its principal investment officer in November 2014.
Will RAAEX 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 RAAEX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RAAEX 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 RAAEX’s parent organization’s priorities and whether they’re in line with investors’ interests.