American Funds New World Fund R5 (RNWFX) seeks growth of capital for the long run. RNWFX heavily invests in common stocks issued by companies which have exposure to emerging economies.
This Non US – Equity product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.1% and 5 year 7.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
RNWFX’s performance, as of the last filing, when compared to funds in its category was in the top 29% over the past 1 year, and in the top 41% over the past 3 years and in the top 63% over the past 5 years.
The American Funds New World Fund R5, as of the last filing, allocates their fund in three major groups; Emerging Market, Foreign Stock and Large Growth. Further, as of the last filing, Alphabet (NASDAQ:GOOGL) Inc, Taiwan Semiconductor Manu and Hdfc Bank Ltd were the top holdings for RNWFX.
This Zacks Rank #2 (Buy) was incepted in November 2002 and is managed by American Funds. RNWFX carries an expense ratio of 0.71% and requires a minimal initial investment of $250.
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Zacks Investment Research