American Funds

  • American Funds New Economy Fund

Rank

Rank Universe

Summary

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

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Price

Last Close

$ 42.24 ( +0.1 )

52 Week HL

$69.94 - $42.14

Net Assets

$34600 M

Expense Ratio

1.24 %

Sector Allocation

Dec 31, 2020

Top 10 Holdings +

Dec 31, 2020

Company Name

  • Netflix Inc
  • Microsoft Co
  • Amazon Com
  • Broadcom Inc
  • Alphabet Inc
  • Ceridian HCM
  • Facebook Inc
  • Mastercard I
  • UnitedHealth
  • Tencent Musi

Holding

  • 4.4
  • 3.4
  • 2.7
  • 2.5
  • 2.4
  • 2.4
  • 2.2
  • 1.8
  • 1.7
  • 1.7

Manager

Name

Timothy D. Armour

Bio

Leadership

TEAM

Documents

Prospectus

Summary

Annual Reports

2021
2020

Website

Link

Performance

YTD

-31.9 %

3 Year

-3.9%

5 Year

18.61%

Best

45.68%
1999

Worst

-41.86%
2008

Returns +
Q

Returns +
M

Returns +
A

Alpha

ANEFX Russell 3000

Chart +