About ANEFX
American Funds The New Economy Fund® Class A is a globally diversified mutual fund focused on long-term capital growth. Managed by Capital Group, this fund primarily invests in common stocks of companies with strong growth potential, emphasizing businesses that are innovating or adapting to the evolving global economy. The fund targets sectors such as information technology, healthcare, consumer discretionary, financials, and industrials, with a notable concentration in technology and innovation-driven enterprises. Approximately 72% of its holdings are in U.S. equities, with significant exposure to non-U.S. markets, including emerging economies, allowing for wide geographic diversification. The portfolio typically includes large-cap companies, and its top holdings feature prominent names like Microsoft, Broadcom, Amazon.com, and Meta Platforms. Since its inception in 1983, the fund has been recognized in the global large-stock growth category, aiming to participate in segments of the economy positioned for future expansion driven by technological change and new business models. The New Economy Fund serves as a potential core holding for investors seeking exposure to global growth opportunities through a mix of established and innovative companies.
Fund Family Capital Group
Category World Large-Stock Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol ANEFX
Share Class Class A
Index MSCI AC World NR USD
ANEFX had a total return of 51.02% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.99%.
