American Funds New Economy Fund Cl F-1 Shs (ANFFX)
American Funds New Economy Fund Cl F-1 Shs operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $86.55, up 0.66% on the session, giving a market capitalisation of $51.77B. Its beta of 1.28 implies it has historically moved more than the broad market.
This fund's primary objective is to achieve substantial long-term growth for its capital. It principally invests in common shares of companies that the investment adviser identifies as having strong potential for appreciation. The portfolio targets enterprises poised to capitalize on cutting-edge innovation, leverage novel technologies, or offer goods and services that address the evolving demands of a dynamic global marketplace. Up to half its holdings may be allocated to non-U.S. companies, including those based in developing nations.
American Funds New Economy Fund Cl F-1 Shs is most often compared with the following Financial Services names: