Andraz Razen - New Perspective Fund Manager
| ANWFX Fund | USD 58.67 0.01 0.02% |
Razen had been in investment field since 1998 13 years with Capital Research and Management Company or affiliate
| Phone | 800-421-4225 |
New Perspective Management Performance (%)
Similar Money Managers
| Found 5 records | One Year Return | ||
| Robert Lovelace | New Perspective Fund | N/A | |
| Robert Lovelace | New Perspective Fund | N/A | |
| Robert Lovelace | New Perspective Fund | N/A | |
| Robert Lovelace | New Perspective Fund | N/A | |
| Robert Lovelace | New Perspective Fund | N/A | |
New Perspective Leadership Team
Elected by the shareholders, the New Perspective's board of directors comprises two types of representatives: New Perspective inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Perspective's management team and ensure that shareholders' interests are well served. New Perspective's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Perspective's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andraz Razen, Fund Manager | ||
| Robert Lovelace, Fund Manager |
New Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is New Perspective a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 21.93 X | ||||
| Price To Book | 3.19 X | ||||
| Price To Sales | 2.34 X | ||||
| Total Asset | 148.91 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 2.80 % | ||||
| One Year Return | 15.33 % | ||||
| Three Year Return | 1.63 % | ||||
| Five Year Return | 10.87 % | ||||
| Ten Year Return | 11.52 % |
Pair Trading with New Perspective
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Perspective position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Perspective will appreciate offsetting losses from the drop in the long position's value.Moving together with New Mutual Fund
| 0.91 | AMECX | Income Fund | PairCorr |
| 0.99 | RNEBX | New World Fund | PairCorr |
| 0.95 | AMFCX | American Mutual | PairCorr |
| 0.95 | AMFFX | American Mutual | PairCorr |
| 0.91 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to New Perspective could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Perspective when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Perspective - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Perspective Fund to buy it.
The correlation of New Perspective is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Perspective moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Perspective moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Perspective can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Perspective Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the New Perspective information on this page should be used as a complementary analysis to other New Perspective's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.