About FNEEX
American Funds New Economy Fund 529-F-2 is a growth-oriented mutual fund designed to provide long-term capital appreciation. Managed by Capital Group, this fund focuses primarily on common stocks of companies that are positioned to benefit from dynamic changes in the global economy, such as technological advancements, innovation, and evolving consumer trends. Its portfolio is globally diversified, with significant allocations to both U.S. equities (approximately 76%) and non-U.S. equities (about 21%), reflecting a broad geographic scope and exposure to various industries.
The fund maintains a disciplined approach to stock selection, aiming to identify businesses with strong growth prospects across sectors including information technology, health care, consumer discretionary, and financials. With over 200 holdings, the fund emphasizes both established leaders and emerging innovators in growth-driven markets. The Class 529-F-2 share class is specifically tailored for education savings, making it a common choice for 529 college savings plans. It features a competitive expense structure and does not charge 12b-1 fees. Established in 1983, American Funds New Economy Fund 529-F-2 plays a significant role in helping investors pursue educational funding objectives through diversified, actively managed equity exposure.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FNEEX
Share Class Class 529-f-2
Index MSCI AC World NR USD
FNEEX had a total return of 23.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.75%.
