About CNWAX
American Funds New World Fund Class 529A is a diversified mutual fund focused on capturing growth opportunities in emerging markets. Its primary objective is long-term capital appreciation, achieved by investing mainly in the common stocks of companies that have significant exposure to the developing economies and markets worldwide. The fund is distinctive in combining direct investments in companies based in emerging markets with stakes in multinational corporations that conduct substantial business within these regions, enhancing its global reach and diversification.
The fund’s portfolio spans various sectors, including financials, information technology, communication services, consumer discretionary, and healthcare, offering broad exposure across industries correlated with emerging markets’ growth trends. Typically, it maintains a significant allocation—at least 35% of assets—to issuers from qualified developing countries under normal market conditions. The fund is notable for its large number of holdings, providing risk mitigation and comprehensive country and sector representation. This structure makes it a significant participant in the diversified emerging markets category, serving investors seeking to benefit from the dynamic opportunities presented by global economic development.
Fund Family Capital Group
Category Diversified Emerging Mkts
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CNWAX
Share Class Class 529-a
Index MSCI AC World NR USD
CNWAX had a total return of 24.79% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.62%.
