American Funds New World Fund Class A (NEWFX)
American Funds New World Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $107.45, up 0.62% on the session, giving a market capitalisation of $91.80B. Its beta of 0.94 implies it has historically moved less than the broad market.
The American Funds New World Fund Class A primarily directs its capital towards the common stock of companies that maintain substantial business ties to, or generate significant revenue from, countries with emerging economies and markets. Generally, in stable market environments, the fund commits at least 35% of its total assets to a mix of equity and fixed-income securities. These instruments are issued by entities predominantly situated in eligible nations categorized by developing economies and/or markets.
American Funds New World Fund Class A is most often compared with the following Financial Services names: