The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Eli Lilly & Co (NYSE:LLY), Unitedhealth Group (NYSE:UNH), Broadcom (NASDAQ:AVGO), Mastercard (NYSE:MA), Micron Technology (NASDAQ:MU).
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 in issuers based outside the United States, including those based in developing countries.
The average market capitalization across the American Funds New Economy R5E MF is 697.99B. The market cap for tickers in the group ranges from 83.58B to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is MU at 83.58B.
The average weekly volume growth across all stocks in the American Funds New Economy R5E MF was -2%. For the same stocks of the MF, the average monthly volume growth was -8% and the average quarterly volume growth was -26%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 69
P/E Growth Rating: 38
Price Growth Rating: 33
SMR Rating: 45
Profit Risk Rating: 29
Seasonality Score: 17 (-100 ... +100)