About CNWCX
American Funds New World Fund 529-C is a globally diversified mutual fund designed to provide broad exposure to emerging markets opportunities. Its primary objective is to participate in the growth of emerging market economies, predominantly by investing in companies based in these regions as well as multinational firms that derive a significant portion of their revenues from emerging markets. The fund employs a strategy that seeks to balance the inherent volatility of emerging-market equities by also including developed-market firms with emerging market exposure and, to a lesser extent, emerging-market debt instruments.
The portfolio is notably diversified across sectors such as financials, information technology, consumer discretionary, industrials, health care, and communication services, reflecting its global scope and risk-mitigation approach. With hundreds of holdings and a substantial asset base, American Funds New World Fund 529-C serves as a key vehicle for investors seeking international diversification and access to the growth potential of developing economies, while aiming to moderate risk through inclusion of multinationals and selective debt assets.
Fund Family Capital Group
Category Diversified Emerging Mkts
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CNWCX
Share Class Class 529-c
Index MSCI AC World NR USD
CNWCX had a total return of 32.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.84%.
