About RNGEX
American Funds The New Economy Fund® Class R-4 is a global large-cap growth mutual fund managed by Capital Group, focusing on long-term capital appreciation. The fund primarily invests in companies that the management team believes can benefit from innovation, technological advancement, or pioneering business models. With over 190 holdings as of May 2025, its portfolio is diversified across both U.S. and international equities, allocating roughly 73% to U.S. stocks and around 21% to non-U.S. stocks. The fund emphasizes sectors such as information technology, health care, consumer discretionary, financials, and industrials, giving it exposure to fast-evolving segments of the global economy. It targets investors interested in participating in sectors driven by new technologies and innovation, and offers global diversification, making it suitable as a core holding in retirement plans. Managed with a long-term perspective since its inception in 1983, the fund is known for its research-driven approach and moderate portfolio turnover, aiming to capture growth opportunities across both established and emerging markets while balancing risk and return.
Fund Family Capital Group
Category World Large-Stock Growth
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol RNGEX
Share Class Class R-4
Index MSCI AC World NR USD
RNGEX had a total return of 44.56% in the past year, including dividends.
Since the fund's inception, the average annual return has been 12.47%.
