CNGFX American Funds New Economy 529F Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom Inc. (NASDAQ:AVGO), Unitedhealth Group (NYSE:UNH), Mastercard (NYSE:MA).

The investment seeks long term growth of capital. 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 outside the United States, including in developing countries.

The average market capitalization across the American Funds New Economy 529F MF is 995.96B. The market cap for tickers in the group ranges from 98.63B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is MELI at 98.63B.

The average weekly volume growth across all stocks in the American Funds New Economy 529F MF was 137%. For the same stocks of the MF, the average monthly volume growth was 34% and the average quarterly volume growth was 124%