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Should You Buy American Funds New Perspective A Fund (ANWPX)?

American Funds New Perspective A (ANWPX) a Zacks Ranked #2 (Buy) was incepted in March 1973 and is managed by Capital Research and Management Company. ANWPX seeks to provide long-term growth of capital through investments all over the world, including the United States. ANWPX diversifies among blue chip companies in the United States and abroad, emphasizing multinational or global companies and focusing on opportunities generated by changes in global trade patterns and economic and political relationships. ANWPX invests primarily in common stocks, convertibles, preferred stocks, bonds and cash. For non-U.S holdings, ANWPX may invest up to100% of assets outside the United States, though in practice this is unlikely since New Perspective Fund is a global fund.

This Global Equity product, as of the last filing, allocates their fund in five major groups; Large Growth, Foreign Stock, High Yield Bond, Emerging Market and Small Growth. Further, as of the last filing, Novo Nordisk A/S, Amazon.com Inc and Regeneron Pharmaceuticals, Inc were the top holdings for ANWPX.

American Funds New Perspective A, managed by American Funds, carries an expense ratio of 0.75%. Moreover, ANWPX requires a minimal initial investment of $250.

ANWPX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.2% and 5 year 7.6%. To see how this fund performed compared in its category, please click here.

ANWPX’s performance, as of the last filing, when compared to funds in its category was in the top 23% in 1 year, top 17% over the past 3 years, and in the 24% over the past 5 years.

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