New Economy Mutual Fund Money Managers
| RNGHX Fund | USD 55.87 0.96 1.69% |
Break down of New Economy's management performance can provide insight into the fund's overall performance. Note that fund manager's attribution analysis is becoming a valuable factor that both investors and analysts use to determine the amount of risk that may be associated with New Economy's future under-performance.
| Timothy Armour Executive Fund Manager |
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New Economy Net Asset Comparison
New Economy Fund is rated top fund in net asset among similar funds. Total Asset Under Management (AUM) of World Large-Stock Growth category is currently estimated at about 354.11 Billion. New Economy holds roughly 21.62 Billion in net asset claiming about 6% of World Large-Stock Growth category.
New Economy Fund Benchmark Summation
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The output start index for this execution was zero with a total number of output elements of sixty-one. New Economy Fund Price Series Summation is a cross summation of New Economy price series and its benchmark/peer.
New Economy Stakeholder
| Timothy Armour | Fund Manager | Profile |
About New Economy Management Performance
The success or failure of an entity such as New Economy Fund often depends on how effective the management is. New Economy management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of New management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the New management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50 percent of its assets outside the United States, including in developing countries.
Please note that past performance is not an indicator of the future performance of New Economy, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in New Economy 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 rate. Note that the New Economy Fund information on this page should be used as a complementary analysis to other New Economy'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.