Use American to hedge against foreign markets instabilities. The fund experiences normal downward trend and little activity
1 Month Beta ..........
0.18
As returns on market increase, American returns are expected to increase less than the market. However during bear market, the loss on holding American will be expected to be smaller as well.
The median price of American for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 9.76 with a coefficient of variation of 2.44. The daily time series for the period is distributed with a sample standard deviation of 0.24, arithmetic mean of 9.75, and mean deviation of 0.2. The Fund did not receive any noticable media coverage during the period.
American Funds Blue Chip Inc & Gr HLS IB [HVCBX] is traded in USA and was established in April 30, 2008. The fund is listed under Large Blend category and is part of Hartford Mutual Funds family. This fund currently has accumulated 36.91 M in assets under management (AUM) with minimum initial investment of . American Funds Blue Chip Inc & Gr HLS IB is currently producing year-to-date (YTD) return of 10.8% with the current yeild of 0.02%, while the total return for the last 3 years was 17.56%.
Fund Instrument Allocation for American
The fund consists of 92.01% investments in stocks, with the rest of investments allocated between different money market instruments and various exotic instruments.
Over the last 30 days American Funds Blue Chip Inc & Gr HLS IB has generated negative risk-adjusted returns adding no value to investors with long positions.
American Funds Blue Chip Inc & Gr HLS IB is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of Large Blend category is currently estimated at about 1.39 Trillion. American adds roughly 36.91 Million in net asset claiming only tiny portion of funds under Large Blend category.
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