Use American to hedge against foreign markets instabilities. The fund experiences stable pattern. Watch out for signals
1 Month Beta ..........
0.08
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.
David Barclay Fund Manager since November 30, 1989, MBA
American Price and Market Media
The median price of American for the period between Thu, Apr 26, 2012 and Sat, May 26, 2012 is 11.04 with a coefficient of variation of 1.11. The daily time series for the period is distributed with a sample standard deviation of 0.12, arithmetic mean of 10.98, and mean deviation of 0.11. The Fund did not receive any noticable media coverage during the period.
American Funds American Hi Inc Tr R6 [RITGX] is traded in USA and was established in April 30, 2009. The fund is listed under High Yield Bond category and is part of American Funds family. This fund at this time has accumulated 18.62 B in assets with minimum initial investment of . American Funds American Hi Inc Tr R6 is currently producing year-to-date (YTD) return of 6.25% with the current yeild of 8.01%, while the total return for the last 3 years was 20.55%.
Fund Instrument Allocation for American
The fund consists of 82.51% investments in fixed income securities, with the rest of funds allocated in stocks, cash and various exotic instruments.
Over the last 30 days American Funds American Hi Inc Tr R6 has generated negative risk-adjusted returns adding no value to investors with long positions.
American Funds American Hi Inc Tr R6 is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of High Yield Bond category is currently estimated at about 204.82 Billion. American holds roughly 18.62 Billion in net asset claiming about 9% of all funds under High Yield Bond category.
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