About FNNEX
American Funds The New Economy Fund 529-F-3 is an actively managed global equity mutual fund designed to pursue long-term capital growth. Targeting companies that are positioned to benefit from innovation, transformative trends, and shifts in the global economy, the fund invests primarily in common stocks believed by its managers to offer significant growth potential. Its portfolio is diversified across both U.S. and international equities, with a notable allocation to sectors such as information technology, health care, consumer discretionary, and financials. As of early 2025, the fund held over 199 companies, with the majority of assets in U.S. equities and a significant stake in non-U.S. equities as well. The fund typically invests a meaningful portion in mid- and small-cap stocks in addition to large-cap leaders, resulting in a portfolio with a somewhat lower average market capitalization than many peers. Managed by Capital Group, The New Economy Fund 529-F-3 serves investors seeking exposure to innovative and growth-oriented businesses that are poised to shape the future economic landscape.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FNNEX
Share Class Class 529-f-3
Index MSCI AC World NR USD
FNNEX had a total return of 28.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.39%.
