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CNLAX American Funds Inflation Linked Bd 529A Forecast, Technical & Fundamental Analysis

The investment seeks to provide inflation protection and income consistent with investment in inflation-linked securities... Show more

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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide inflation protection and income consistent with investment in inflation-linked securities. The fund seeks to provide inflation protection and income by investing primarily in inflation linked securities. Normally, at least 80% of the fund's assets will be invested in inflation linked bonds issued by U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations. Inflation linked bonds are structured to protect against inflation by linking the bond's principal and interest payments to an inflation index so that principal and interest adjust to reflect changes in the index.
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A.I. Advisor
published General Information

General Information

Category InflationProtectedBond

Profile
Details
Category
Inflation-Protected Bond
Address
6455 Irvine Center DriveIrvine
Phone
(949) 975-5000
Web
www.americanfunds.com
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CNLAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, CNLAX has been closely correlated with RILAX. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNLAX jumps, then RILAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNLAX
1D Price
Change %
CNLAX100%
N/A
RILAX - CNLAX
98%
Closely correlated
N/A
FIBLX - CNLAX
98%
Closely correlated
N/A
FLIBX - CNLAX
98%
Closely correlated
N/A
RILDX - CNLAX
98%
Closely correlated
N/A
RILFX - CNLAX
98%
Closely correlated
N/A
More
American Funds Inflation Linked Bd 529A (CNLAX) mutual fund Forecast, Price Targets and Analysts Predictions - Tickeron.com