Mark Denning - New World Fund Manager
| CNWEX Fund | USD 76.10 0.19 0.25% |
Mark E. Denning is an equity portfolio manager at Capital Group. He has 34 years of investment experience, all with Capital Group. Earlier in his career at Capital, Mark had equity investment analyst responsibilities for companies based in Southeast Asia. He holds an MBA in finance and international business from Columbia Business School and a bachelors degree in economics from the London School of Economics. Mark is based in Los Angeles.
| Phone | 800-421-4225 |
New World Management Performance (%)
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New World Fund Leadership Team
Elected by the shareholders, the New World's board of directors comprises two types of representatives: New World 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 World's management team and ensure that shareholders' interests are well served. New World'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 World's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Denning, 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 World 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 | 18.23 X | ||||
| Price To Book | 2.07 X | ||||
| Price To Sales | 1.65 X | ||||
| Total Asset | 62.12 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 3.08 % | ||||
| One Year Return | 10.73 % | ||||
| Three Year Return | (2.78) % | ||||
| Five Year Return | 5.59 % | ||||
| Ten Year Return | 5.54 % |
Pair Trading with New World
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 World 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 World 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 |
| 1.0 | RNEBX | New World Fund | PairCorr |
| 0.95 | AMFCX | American Mutual | PairCorr |
| 0.95 | AMFFX | American Mutual | PairCorr |
| 0.9 | RNCCX | American Funds Me | PairCorr |
The ability to find closely correlated positions to New World 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 World 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 World - 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 World Fund to buy it.
The correlation of New World 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 World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New World Fund 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 World 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 World 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 income. Note that the New World Fund information on this page should be used as a complementary analysis to other New World'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.