About RNGHX
American Funds The New Economy Fund® Class R-5E is a global large-cap growth mutual fund designed to provide long-term capital appreciation. The fund primarily invests in common stocks of companies that stand to benefit from innovation, technological advances, and evolving economic trends. Its portfolio is broadly diversified, with significant allocations to both U.S. and non-U.S. equities, and no exposure to bonds. Major sectors include information technology, health care, consumer discretionary, financials, and industrials, reflecting a focus on industries driving the modern global economy. With over 200 holdings, the fund aims to capture opportunities from both established and emerging markets. Managed by Capital Group, the fund’s strategy emphasizes companies with growth potential linked to new technologies and changing consumer demands, playing a key role in portfolios seeking exposure to dynamic sectors and international diversification within the equity market landscape.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol RNGHX
Share Class Class R-5e
Index MSCI AC World NR USD
RNGHX had a total return of 25.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.92%.
