About CNGEX
The New Economy Fund® 529-E is an open-ended mutual fund focused on achieving long-term capital growth. Managed by Capital Group, the fund primarily invests in common and preferred stocks, as well as convertible securities, with an emphasis on companies that the investment team believes can benefit from or drive innovation and structural economic changes. The fund maintains a global scope but has a substantial allocation to U.S. equities, accounting for more than three-quarters of its assets, while also providing exposure to companies in Europe, emerging markets, and other regions.
The New Economy Fund® 529-E is a designated share class for 529 college savings plans, making it suitable for education-focused investors seeking growth potential over the long term. It holds a diverse portfolio, typically with over 200 companies spanning technology, healthcare, financials, consumer discretionary, and other growth-oriented sectors. The fund combines active management, broad diversification, and a focus on innovation-driven growth, serving as a key vehicle for investors looking to participate in the evolving global economy while saving for future education expenses.
Fund Family Capital Group
Category World Large-Stock Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CNGEX
Share Class Class 529-e
Index MSCI AC World NR USD
CNGEX had a total return of 35.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.59%.
