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American Funds New Perspective R1 RNPAX

Analyst rating as of
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Morningstar’s Analysis

Will RNPAX outperform in future?

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The Challenge of American Funds New Perspective’s Big Tesla Position

Analyst Note

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American Funds New Perspective’s stake in the polarizing electric carmaker Tesla TSLA grew from 3.65% in June to 7.3% in August, 2.5 percentage points larger than its next-biggest holding. That positioning does not alter its Morningstar Analyst Rating, but it does warrant close monitoring.

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