About RNGGX
American Funds The New Economy Fund Class R-6 is a global large-cap growth mutual fund designed to provide long-term capital appreciation. Managed by Capital Research and Management Company, this fund focuses on investing in companies poised to benefit from innovation, technological advancements, and evolving economic trends. It primarily allocates assets to common stocks, with a significant emphasis on the information technology, healthcare, consumer discretionary, and financial sectors. The portfolio is broadly diversified, holding over 190 companies, and maintains a strong global orientation, investing approximately 72% in U.S. equities and 21% in non-U.S. equities, including both developed and emerging markets. The fund employs a multi-manager approach, dividing assets among several portfolio managers to incorporate a range of investment perspectives. With a low expense ratio and a strategy that leans on rigorous research and risk management, it is frequently selected as a core growth holding within retirement plans. The fund distributes regular dividends and capital gains annually and aims to capture growth across a rapidly changing global economy while maintaining a moderate portfolio turnover rate.
Fund Family American Funds
Category World Large-Stock Growth
Stock Exchange NASDAQ
Ticker Symbol RNGGX
Share Class Class R-6
Index MSCI AC World NR USD
RNGGX had a total return of 27.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.91%.
