New Economy Fund Quote

RNGAX Fund  USD 54.43  0.22  0.40%   


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Odds Of Distress

Less than 20

New Economy is trading at 54.43 as of the 22nd of June 2024; that is -0.4% down since the beginning of the trading day. The fund's open price was 54.65. New Economy has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for New Economy Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of May 2024 and ending today, the 22nd of June 2024. Click here to learn more.
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. More on New Economy Fund

Moving together with New Mutual Fund

  0.79AMECX Income FundPairCorr
  0.74RNEBX New World FundPairCorr
  0.87AMFCX American MutualPairCorr
  0.88AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.9FPPPX American Funds PresePairCorr

New Mutual Fund Highlights

Fund ConcentrationAmerican Funds, Large Growth Funds, World Large-Stock Growth Funds, World Large-Stock Growth, American Funds, Large Growth, World Large-Stock Growth (View all Sectors)
Update Date30th of June 2024
New Economy Fund [RNGAX] is traded in USA and was established 22nd of June 2024. New Economy is listed under American Funds category by Fama And French industry classification. The fund is listed under World Large-Stock Growth category and is part of American Funds family. This fund at this time has accumulated 21.62 B in assets with no minimum investment requirementsNew Economy Fund is currently producing year-to-date (YTD) return of 16.7%, while the total return for the last 3 years was 3.17%.
Check New Economy Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on New Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding New Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as New Economy Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top New Economy Fund Mutual Fund Constituents

MUMicron TechnologyStockInformation Technology
BABAAlibaba Group HoldingStockConsumer Discretionary
BLUEBluebird bioStockHealth Care
QRVOQorvo IncStockInformation Technology
TMOThermo Fisher ScientificStockHealth Care
TCTZFTencent HoldingsPink SheetInternet Content & Information
UNHUnitedHealth Group IncorporatedStockHealth Care
NFLXNetflixStockCommunication Services
More Details

New Economy Fund Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. New Economy market risk premium is the additional return an investor will receive from holding New Economy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New Economy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although New Economy's alpha and beta are two of the key measurements used to evaluate New Economy's performance over the market, the standard measures of volatility play an important role as well.

New Economy Against Markets

Other Information on Investing in New Mutual Fund

New Economy financial ratios help investors to determine whether New Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New Economy security.
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