American Funds New Economy A
THE NEW ECONOMY FUND333 South Hope StreetLos Angeles, California 90071-1406
Map
Phone: 800-421-4225
| Category: | Large Growth | | Fund Family: | American Funds | | Net Assets: | 7.69B | | Year-to-Date Return: | 16.19% | | Yield: | 0.42% | | Morningstar Rating: |  | | Fund Inception Date: | Dec 1, 1983 |
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Timothy D. Armour
Lead Manager since Jan 1, 1991 | | | Armour is a Senior Vice President with Capital Research and Management Company. He has more than 27 years of investment experience, all with this company. |
| Min Initial Investment: | 250 | | Min Initial Investment, IRA: | 250 | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | 50 | | Min Subsequent Investment, IRA: | 50 | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks long term growth of capital; current income is a secondary consideration.
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It normally 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 a significant portion of its assets in issuers based outside the United States, including those based in emerging and developing countries. |
| Last Dividend
(Dec 21, 2011)
:
| 0.12 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 23, 2012)
:
| 45.00% | | Average for Category: | 69.41% |
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| Expense | ANEFX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.85% | 1.27% | | Prospectus Net Expense Ratio: | 0.85% | N/A | | Prospectus Gross Expense Ratio: | 0.85% | N/A | | Max 12b1 Fee: | 0.23% | N/A | | Max Front End Sales Load: | 5.75% | 5.44% | | Max Deferred Sales Load:
| N/A | 2.40% | | 3 Yr Expense Projection*: | 831 | 593 | | 5 Yr Expense Projection*: | 1,019 | 936 | | 10 Yr Expense Projection*: | 1,564 | 1,877 |
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0.60% Nasdaq 