American Funds The New Economy Fund Class R-2E (RNNEX) NASDAQ

67.57

+0.51(+0.76%)

Updated at September 08 08:07AM

Currency In USD

American Funds The New Economy Fund Class R-2E

Address

Los Angeles, CA 90071-1406

Los Angeles, CA 90071-1406

United States of America

Phone

(213) 486-9200

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

August 29, 2014

Key Executives

N/A

Description

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 in issuers based outside the United States, including those based in developing countries.