About RNNEX
American Funds The New Economy Fund Class R-2E is a global large-cap growth mutual fund designed to provide long-term capital appreciation. Managed by Capital Group, the fund primarily invests in common stocks that the investment adviser believes offer strong growth potential. The portfolio features significant allocations to industry leaders in sectors such as technology, communication services, consumer discretionary, and healthcare. Notable holdings include companies like Broadcom, Microsoft, Meta Platforms, Amazon.com, and NVIDIA, often representing innovative forces shaping modern commerce and technology. The fund maintains a diversified global approach, selecting securities from both U.S. and non-U.S. markets to capture opportunities across developed and emerging economies. Class R-2E shares are tailored for retirement plans and long-term investors, offering access to growth-focused strategies within a retirement savings framework. With total assets in the tens of billions and a disciplined investment process, The New Economy Fund Class R-2E plays a pivotal role for investors seeking exposure to dynamic, forward-looking companies worldwide.
Fund Family Capital Group
Category World Large-Stock Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol RNNEX
Share Class Class R-2e
Index MSCI AC World NR USD
RNNEX had a total return of 40.94% in the past year, including dividends.
Since the fund's inception, the average annual return has been 13.53%.
