New Economy Mutual Fund Money Managers
RNGAX Fund | USD 58.41 0.48 0.83% |
Break down of New Economy's management performance can provide insight into the fund's overall performance. Note that fund manager's attribution analysis is becoming a valuable factor that both investors and analysts use to determine the amount of risk that may be associated with New Economy's future under-performance.
New |
Symbol | RNGAX |
Name | New Economy Fund |
Type | Mutual Fund |
Country | United States |
Exchange | NMFQS |
Information on New Economy Fund Leadership is currently not available.
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New Economy Net Asset Comparison
New Economy Fund is rated top fund in net asset among similar funds. Total Asset Under Management (AUM) of World Large-Stock Growth category is currently estimated at about 34.01 Billion. New Economy totals roughly 21.62 Billion in net asset claiming about 64% of World Large-Stock Growth category.
New Economy Fund Benchmark Summation
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The output start index for this execution was zero with a total number of output elements of sixty-one. New Economy Fund Price Series Summation is a cross summation of New Economy price series and its benchmark/peer.
About New Economy Management Performance
The success or failure of an entity such as New Economy Fund often depends on how effective the management is. New Economy management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of New management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the New management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
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 percent of its assets outside the United States, including in developing countries.
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
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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