New Economy Fund Quote
| RNGAX Fund | USD 54.60 0.68 1.26% |
Performance0 of 100
| Odds Of DistressLess than 21
|
New Economy is trading at 54.60 as of the 30th of January 2025; that is 1.26% up since the beginning of the trading day. The fund's open price was 53.92. New Economy has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 31st of December 2024 and ending today, the 30th of January 2025. Click here to learn more.
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. More on New Economy Fund
Moving together with New Mutual Fund
New Mutual Fund Highlights
| Fund Concentration | American Funds, Large Growth Funds, World Large-Stock Growth Funds, World Large-Stock Growth, American Funds, Large Growth, World Large-Stock Growth (View all Sectors) |
| Update Date | 31st of December 2024 |
New Economy Fund [RNGAX] is traded in USA and was established 30th of January 2025. New Economy is listed under American Funds category by Fama And French industry classification. The fund is listed under World Large-Stock Growth category and is part of American Funds family. This fund at this time has accumulated 21.62 B in assets with no minimum investment requirementsNew Economy Fund is currently producing year-to-date (YTD) return of 6.57%, while the total return for the last 3 years was 10.61%.
Check New Economy Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on New Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding New Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as New Economy Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top New Economy Fund Mutual Fund Constituents
| MU | Micron Technology | Stock | Information Technology | |
| BABA | Alibaba Group Holding | Stock | Consumer Discretionary | |
| BLUE | Bluebird bio | Stock | Health Care | |
| QRVO | Qorvo Inc | Stock | Information Technology | |
| TMO | Thermo Fisher Scientific | Stock | Health Care | |
| TCTZF | Tencent Holdings | Pink Sheet | Internet Content & Information | |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care | |
| NFLX | Netflix | Stock | Communication Services |
New Economy Fund Risk Profiles
| Mean Deviation | 0.9764 | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.73 | |||
| Risk Adjusted Performance | (0.03) |
New Economy Against Markets
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.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
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| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |