About RNGFX
American Funds The New Economy Fund Class R-5 is a global large-cap growth mutual fund designed to achieve long-term capital appreciation. Managed by Capital Group, this fund invests primarily in common stocks of companies that exhibit strong potential for growth, focusing on sectors influenced by innovation and transformative trends. Its portfolio is diversified across both U.S. and international equities, with significant weightings in information technology, health care, consumer discretionary, financials, and industrials. Notably, the fund maintains a sizable allocation to U.S. companies, but also seeks opportunities in developed and emerging markets, delivering broad exposure to the global economy.
Established in 1983, the fund has cultivated a large asset base and invests in a wide array of over 190 companies, applying fundamental research to identify businesses driving the “new economy”—those benefiting from advances in technology, globalization, and evolving consumer behaviors. It is structured for investors seeking diversified, actively managed exposure to growth-oriented equities, reflecting an active investment approach with meaningful active share. The fund pays dividends and capital gains distributions annually, and it is commonly used within retirement plan offerings and diversified portfolios seeking growth over the long term.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol RNGFX
Share Class Class R-5
Index MSCI AC World NR USD
RNGFX had a total return of 28.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.85%.
