About RNWCX
American Funds New World Fund Class R-3 is an actively managed mutual fund that focuses on international equity, with a particular emphasis on diversified emerging markets. Its primary objective is long-term capital appreciation through investments in a blend of common stocks and, to a lesser extent, debt securities of companies and governments that have significant exposure to developing economies. The fund’s portfolio often includes leading global firms from technology, healthcare, and consumer sectors, along with select positions in high-growth companies from emerging markets. Managed by a seasoned team at Capital Group, the fund employs a multiple-manager approach, dividing assets among several experienced portfolio managers to harness diverse perspectives and expertise.
Typically, the fund allocates the majority of its assets to foreign equities, with a smaller portion invested domestically and in bonds or cash equivalents, providing broad global diversification. The fund does not have an ESG-specific focus and is designed to serve investors seeking exposure to the growth potential of developing markets while benefiting from a rigorous research-driven investment process. Its role in the market is to offer long-term global diversification and potential growth, often appealing to retirement plans and growth-oriented portfolios.
Fund Family Capital Group
Category Diversified Emerging Mkts
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol RNWCX
Share Class Class R-3
Index MSCI AC World NR USD
RNWCX had a total return of 7.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.62%.
