About RNGBX
The New Economy Fund, Class R-2, is a global large-cap growth mutual fund that aims to provide long-term capital appreciation. Managed under the American Funds family, its portfolio is predominantly composed of common stocks selected for their growth potential. The fund invests across both U.S. and international markets, with over 70% of its holdings in domestic equities and nearly a quarter allocated to foreign companies, reflecting a globally diversified approach. Key sectors include information technology, health care, consumer discretionary, financials, and industrials, with technology representing the largest share of assets. The fund typically holds over 190 companies, emphasizing a broad investment universe. While its primary focus is equity investments, it maintains the flexibility to allocate up to half of its assets outside the United States, capturing opportunities in both developed and emerging markets. With its inception dating back to 1983, The New Economy Fund, Class R-2, has established itself as a significant player for investors seeking exposure to innovative companies and sectors driving long-term economic evolution.
Fund Family Capital Group
Category World Large-Stock Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol RNGBX
Share Class Class R-2
Index MSCI AC World NR USD
RNGBX had a total return of 43.49% in the past year, including dividends.
Since the fund's inception, the average annual return has been 11.61%.
