American Funds New Economy R2E (RNNEX)
American Funds New Economy R2E operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $81.05, up 0.66% on the session, giving a market capitalisation of $53.30B. On trailing twelve-month figures it carries a trailing P/E of 57.89, a net margin of 9.7%. Its beta of 1.28 implies it has historically moved more than the broad market.
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% of its assets outside the United States, including in developing countries.
American Funds New Economy R2E is most often compared with the following Financial Services names: