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Is American Funds New Economy F2 (NEFFX) a Strong Mutual Fund Pick Right Now?

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utual Fund Equity Report fund seekers should not consider taking a look at American Funds New Economy F2 (NEFFX) at this time. NEFFX has a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

NEFFX is a part of the American Funds family of funds, a company based out of Los Angeles, CA. American Funds New Economy F2 made its debut in August of 2008, and since then, NEFFX has accumulated about $3.02 billion in assets, per the most up-to-date date available. The fund’s current manager is a team of investment professionals.

Performance

Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 9.69%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 8.94%, which places it in the middle third during this time-frame.

When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. […]

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