American Funds New Economy’s recent makeover, while somewhat unexpected, highlights its durability. Its Morningstar Analyst Ratings range from Silver for its cheapest share classes to Bronze for the pricier ones.
Will RNGBX 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 RNGBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RNGBX 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 RNGBX’s parent organization’s priorities and whether they’re in line with investors’ interests.