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American Funds New Economy R3 RNGCX

Analyst rating as of
NAV / 1-Day Return
55.64  /  0.83 %
Total Assets
28.8 Bil
Adj. Expense Ratio
1.090%
Expense Ratio
1.090%
Fee Level
Below Average
Longest Manager Tenure
29.90 years
Category
Investment Style
Large Growth
Min. Initial Investment
250
Status
Open
TTM Yield
0.01%
Turnover
39%
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Morningstar’s Analysis

Will RNGCX outperform in future?

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Two Newly Disclosed Managers on American Funds New Economy

Analyst Note

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In October 2020, American Funds' parent Capital Group will publicly name firm veteran Reed Lowenstein and relative newcomer Tomoko Fortune to American Funds New Economy's portfolio management team. Their additions coincide with longtime manager Claudia Huntington's retirement, which was previously announced. Following these changes, the strategy will have an experienced seven-person management team from two Capital Group subsidiaries. The strategy's Morningstar Analyst Rating range of Silver to Bronze remains intact, as the additions illustrate the firm's methodical approach to adding investment talent.

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